Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Russia - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Russia (FOB) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Russia (CIF) - 2022
3. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Russia
4. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Russia

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Russia (FOB) - 2022

The average export price for steel, alloy stood at $730 per ton in 2022, declining by -9.2% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, alloy increased by +70.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 88% against the previous year. As a result, the export price reached the peak level of $803 per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($1,103 per ton), while the average price for exports to Indonesia stood at $715 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Russia (CIF) - 2022

The average import price for steel, alloy stood at $1,455 per ton in 2022, rising by 34% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 98%. As a result, import price attained the peak level of $2,901 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +18.1% per year.

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Russia

In 2022, approx. 20K tons of steel, alloy were exported from Russia; picking up by 68% on 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 206%. As a result, the exports reached the peak of 27K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of steel, alloy skyrocketed to $15M in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 123%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Russia in 2022:

1. Indonesia (19.3K tons)
2. Peru (0.6K tons)
3. Belgium (0.3K tons)

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Russia

In 2022, the amount of steel, alloy imported into Russia plummeted to 1.3K tons, with a decrease of -58.6% on 2021. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 114% against the previous year. As a result, imports attained the peak of 3.1K tons, and then reduced rapidly in the following year.

In value terms, imports of steel, alloy contracted significantly to $1.9M in 2022. Over the period under review, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 111% against the previous year. As a result, imports attained the peak of $3.4M, and then dropped remarkably in the following year.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Russia in 2022:

1. France (1.3K tons)

Source: IndexBox Market Intelligence Platform