Price for Steel, Stainless; Angles, Shapes and Sections in Canada - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Canada (CIF) - 2024
- Price for Steel, Stainless; Angles, Shapes and Sections in Canada (FOB) - 2024
- Imports of Steel, Stainless; Angles, Shapes and Sections in Canada
- Exports of Steel, Stainless; Angles, Shapes and Sections in Canada
Price for Steel, Stainless; Angles, Shapes and Sections in Canada (CIF) - 2024
The average import price for steel, stainless stood at $5,137 per ton in January 2024, declining by -9.6% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 32% against the previous month. Over the period under review, average import prices reached the maximum at $7,517 per ton in September 2023; however, from October 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($13,489 per ton), while the price for China ($2,401 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Canada (FOB) - 2024
The average export price for steel, stainless stood at $4,957 per ton in January 2024, jumping by 53% against the previous month. Over the period under review, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in July 2023 an increase of 128% against the previous month. Over the period under review, the average export prices attained the maximum at $6,179 per ton in January 2023; however, from February 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($8,019 per ton), while the average price for exports to Chile ($2,606 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Canada
Imports of steel, stainless into Canada shrank dramatically to 3.4K tons in 2022, reducing by -17.5% against 2021. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 21%.
In value terms, imports of steel, stainless expanded rapidly to $20M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Steel, Stainless; Angles, Shapes and Sections in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.4 | 3.4 | 5.4 | 6.3 | 12.7% |
| United States | 5.4 | 4.7 | 5.0 | 5.5 | 0.6% |
| Italy | 2.1 | 1.7 | 4.8 | 3.1 | 13.9% |
| China | 0.9 | 0.7 | 0.9 | 1.3 | 13.0% |
| Denmark | 0.4 | 0.6 | 0.9 | 1.0 | 35.7% |
| Netherlands | N/A | 0.1 | 0.1 | 0.9 | 200.0% |
| Spain | N/A | N/A | N/A | 0.4 | 0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Belgium | N/A | 3.0 | N/A | 0.2 | -74.2% |
| Others | 2.5 | 2.1 | 1.5 | 1.6 | -13.8% |
| Total | 15.9 | 16.5 | 18.9 | 20.5 | 8.8% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Canada in 2022:
- India (1187.0 tons)
- United States (755.6 tons)
- China (517.0 tons)
- Italy (512.8 tons)
- Netherlands (103.7 tons)
- Denmark (103.3 tons)
- Spain (73.8 tons)
- Taiwan (Chinese) (32.8 tons)
- Belgium (18.4 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Canada
In 2022, the amount of steel, stainless exported from Canada skyrocketed to 444 tons, rising by 76% against the previous year. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless soared to $2M in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Steel, Stainless; Angles, Shapes and Sections in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 270 | 842 | 1,063 | 1,839 | 89.6% |
| Germany | 5.1 | N/A | 26.3 | 47.9 | 111.0% |
| Cuba | 49.0 | 12.8 | 10.3 | 36.2 | -9.6% |
| Chile | 5.9 | 1.4 | 63.1 | 32.0 | 75.7% |
| Italy | N/A | N/A | N/A | 28.0 | 0% |
| Mexico | 63.2 | 45.8 | 50.9 | 9.7 | -46.5% |
| France | 107 | N/A | N/A | N/A | 0% |
| Others | 60.7 | 42.7 | 52.9 | 29.0 | -21.8% |
| Total | 560 | 945 | 1,267 | 2,022 | 53.4% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Canada in 2022:
- United States (376.0 tons)
- Germany (17.7 tons)
- Cuba (13.5 tons)
- Chile (11.8 tons)
- Italy (10.4 tons)
- Mexico (3.6 tons)
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