Price for Steel, Alloy; Semi-Finished Products in Romania - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Romania (CIF) - 2023
- Price for Steel, Alloy; Semi-Finished Products in Romania (FOB) - 2023
- Imports of Steel, Alloy; Semi-Finished Products in Romania
- Exports of Steel, Alloy; Semi-Finished Products in Romania
Price for Steel, Alloy; Semi-Finished Products in Romania (CIF) - 2023
The average steel, alloy; semi-finished products import price stood at $1,384 per ton in July 2023, surging by 50% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 82% m-o-m. Over the period under review, average import prices reached the peak figure at $2,564 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($2,284 per ton), while the price for Germany ($1,226 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sweden (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Semi-Finished Products in Romania (FOB) - 2023
The average steel, alloy; semi-finished products export price stood at $15,584 per ton in June 2023, with an increase of 1,771% against the previous month. In general, the export price posted a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($20,008 per ton), while the average price for exports to Hungary ($6,942 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Semi-Finished Products in Romania
In 2022, approx. 43K tons of steel, alloy; semi-finished productses were imported into Romania; reducing by -62.2% on 2021. Over the period under review, imports faced a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports reached the peak of 113K tons, and then contracted sharply in the following year.
In value terms, steel, alloy; semi-finished products imports shrank markedly to $58M in 2022. In general, imports recorded a slight shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 49%. As a result, imports reached the peak of $77M, and then fell sharply in the following year.
| Import of Steel, Alloy; Semi-Finished Products in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 0.6 | N/A | 22.9 | 285.4% |
| Russia | 31.8 | 28.6 | 62.8 | 12.3 | -27.1% |
| Germany | 3.0 | 5.4 | 6.5 | 9.8 | 48.4% |
| Sweden | N/A | N/A | N/A | 5.4 | 0% |
| Italy | 6.8 | 8.4 | 5.7 | 3.9 | -16.9% |
| Poland | 1.9 | 2.0 | 0.5 | 1.5 | -7.6% |
| Austria | 7.9 | 0.9 | 1.2 | 0.9 | -51.5% |
| Croatia | 2.2 | 2.8 | 0.2 | N/A | -69.8% |
| Belarus | 2.2 | 2.3 | N/A | N/A | 4.5% |
| Others | 3.7 | 1.0 | 0.4 | 1.1 | -33.3% |
| Total | 60.0 | 51.8 | 77.2 | 57.8 | -1.2% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Romania in 2022:
- Russia (16.7K tons)
- China (13.1K tons)
- Germany (7.0K tons)
- Sweden (2.2K tons)
- Italy (1.8K tons)
- Poland (1.2K tons)
- Austria (0.6K tons)
Exports of Steel, Alloy; Semi-Finished Products in Romania
In 2022, steel, alloy; semi-finished products exports from Romania reduced sharply to 67 tons, waning by -98.2% against 2021 figures. In general, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 365%.
In value terms, steel, alloy; semi-finished products exports shrank dramatically to $1.2M in 2022. Overall, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 3,142% against the previous year.
| Export of Steel, Alloy; Semi-Finished Products in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 45.4 | 1.2 | -97.4% |
| Mexico | 54.3 | 0.4 | 0.1 | N/A | -95.7% |
| Others | 1.4 | 1.0 | 1.0 | N/A | -15.5% |
| Total | 55.6 | 1.4 | 46.4 | 1.2 | -72.2% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Romania in 2022:
- United States (66.5 tons)
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