Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Hungary - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Hungary (CIF) - 2023
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Hungary
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Hungary (CIF) - 2023
The average import price for steel, alloy stood at $755 per ton in September 2023, reducing by -11% against the previous month. Over the period under review, the import price showed a mild decline. The most prominent rate of growth was recorded in April 2023 an increase of 18% month-to-month. The import price peaked at $918 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was the Czech Republic ($1,035 per ton), while the price for Poland totaled $747 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Austria (+15.4%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Hungary
In 2022, the amount of steel, alloy imported into Hungary dropped to 11K tons, which is down by -9.3% on the previous year. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 116%. As a result, imports reached the peak of 12K tons, and then declined in the following year.
In value terms, imports of steel, alloy dropped significantly to $12M in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 198% against the previous year. As a result, imports reached the peak of $14M, and then contracted notably in the following year.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.9 | 4.2 | 13.8 | 11.1 | 41.7% |
| Germany | 0.2 | N/A | N/A | 0.3 | 14.5% |
| Austria | N/A | 0.4 | N/A | 0.2 | -29.3% |
| Others | 0.1 | 0.1 | 0.4 | 0.2 | 26.0% |
| Total | 4.2 | 4.8 | 14.2 | 11.8 | 41.1% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Hungary in 2022:
- Poland (10.4K tons)
- Germany (0.3K tons)
- Austria (0.2K tons)
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