Price for Steel, Alloy; Semi-Finished Products in Norway - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Norway (CIF) - 2023
- Price for Steel, Alloy; Semi-Finished Products in Norway (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Norway
- Exports of Steel, Alloy; Semi-Finished Products in Norway
Price for Steel, Alloy; Semi-Finished Products in Norway (CIF) - 2023
The average steel, alloy; semi-finished products import price stood at $5,866 per ton in September 2023, which is down by -31.9% against the previous month. Overall, the import price faced a abrupt slump. The most prominent rate of growth was recorded in February 2023 an increase of 156% against the previous month. The import price peaked at $25,558 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($61,627 per ton), while the price for Italy ($3,878 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Semi-Finished Products in Norway (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $12,307 per ton, reducing by -21.3% against the previous year. Over the period under review, the export price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2018 an increase of 278% against the previous year. The export price peaked at $15,633 per ton in 2021, and then reduced rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($20,416 per ton), while the average price for exports to Thailand ($1,937 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in Norway
For the third consecutive year, Norway recorded decline in overseas purchases of steel, alloy; semi-finished productses, which decreased by -21.1% to 221 tons in 2022. In general, imports continue to indicate a precipitous contraction.
In value terms, steel, alloy; semi-finished products imports surged to $2.4M in 2022. Overall, imports continue to indicate a dramatic descent.
| Import of Steel, Alloy; Semi-Finished Products in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 495 | 799 | 412 | 1,019 | 27.2% |
| Netherlands | 20.2 | 14.7 | 13.4 | 391 | 168.5% |
| Italy | 210 | 169 | 176 | 305 | 13.2% |
| United Kingdom | 912 | 860 | 365 | 161 | -43.9% |
| Denmark | 338 | 197 | 210 | 154 | -23.1% |
| Germany | 33.1 | 147 | 51.4 | 122 | 54.5% |
| Sweden | 95.5 | 171 | 124 | 73.4 | -8.4% |
| Turkey | 436 | 132 | 445 | 36.8 | -56.1% |
| China | 3,664 | 11.8 | 59.5 | 4.9 | -89.0% |
| Others | 141 | 308 | 81.5 | 86.5 | -15.0% |
| Total | 6,345 | 2,810 | 1,938 | 2,355 | -28.1% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Norway in 2022:
- Spain (78.3 tons)
- Italy (61.1 tons)
- United Kingdom (25.9 tons)
- Netherlands (17.3 tons)
- Germany (11.0 tons)
- Sweden (9.9 tons)
- Turkey (6.2 tons)
- Denmark (5.4 tons)
- China (0.3 tons)
Exports of Steel, Alloy; Semi-Finished Products in Norway
In 2022, shipments abroad of steel, alloy; semi-finished productses was finally on the rise to reach 57 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a dramatic contraction.
In value terms, steel, alloy; semi-finished products exports stood at $699K in 2022. Overall, exports, however, continue to indicate a dramatic decrease.
| Export of Steel, Alloy; Semi-Finished Products in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 82.7 | 187 | 516 | 325 | 57.8% |
| Singapore | 131 | 163 | 74.8 | 176 | 10.3% |
| Finland | 47.3 | 258 | 23.7 | 176 | 55.0% |
| Spain | N/A | N/A | 6.5 | 15.9 | 144.6% |
| Taiwan (Chinese) | N/A | N/A | 2.1 | 2.3 | 9.5% |
| Poland | 634 | 987 | 8.9 | 0.9 | -88.8% |
| China | 785 | 141 | N/A | N/A | -82.0% |
| Others | 161 | 57.2 | 48.8 | 2.2 | -76.1% |
| Total | 1,841 | 1,793 | 680 | 699 | -27.6% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Norway in 2022:
- Poland (undefined tons)
- Finland (19.1 tons)
- Singapore (18.8 tons)
- Germany (15.9 tons)
- Spain (1.4 tons)
- Taiwan (Chinese) (1.0 tons)
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