Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea - 2022
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea (CIF) - 2022
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea (FOB) - 2022
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea (CIF) - 2022
The average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $8,406 per ton in December 2022, with a decrease of -27.5% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 62% m-o-m. As a result, import price attained the peak level of $17,114 per ton. From March 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($20,993 per ton), while the price for China ($7,392 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea (FOB) - 2022
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $16,307 per ton in December 2022, declining by -37.9% against the previous month. In general, export price indicated temperate growth from December 2021 to December 2022: its price increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia decreased by -37.9% against November 2022 indices. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 43% m-o-m. As a result, the export price attained the peak level of $26,248 per ton, and then reduced rapidly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($28,802 per ton), while the average price for exports to Iran ($7,389 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea
After two years of decline, supplies from abroad of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia increased by 37% to 12K tons in 2022. In general, imports, however, recorded a deep contraction.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia skyrocketed to $128M in 2022. Over the period under review, imports, however, continue to indicate a abrupt descent.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.1 | 36.3 | 37.4 | 69.2 | -6.7% |
| Japan | 62.0 | 45.3 | 34.2 | 46.0 | -9.5% |
| India | 6.7 | 3.0 | 3.5 | 4.6 | -11.8% |
| Others | 26.2 | 7.6 | 7.2 | 8.2 | -32.1% |
| Total | 180 | 92.3 | 82.3 | 128 | -10.7% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to South Korea in 2022:
- China (9.7K tons)
- Japan (1.5K tons)
- India (0.4K tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea
In 2022, the amount of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia exported from South Korea reduced sharply to 6.2K tons, which is down by -34.5% on 2021 figures. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 78%. As a result, the exports reached the peak of 9.4K tons, and then dropped markedly in the following year.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia shrank remarkably to $99M in 2022. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 100%. As a result, the exports reached the peak of $129M, and then reduced dramatically in the following year.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.4 | 20.0 | 57.4 | 26.4 | 1.3% |
| Belgium | 4.2 | 3.2 | 8.4 | 8.7 | 27.5% |
| Germany | 2.8 | 4.8 | 8.1 | 8.3 | 43.7% |
| United States | 6.0 | 5.2 | 7.3 | 7.7 | 8.7% |
| United Arab Emirates | 4.9 | 6.4 | 7.0 | 6.3 | 8.7% |
| Japan | 0.8 | 1.9 | 2.6 | 4.4 | 76.5% |
| Russia | 1.6 | 0.7 | 2.3 | 4.2 | 37.9% |
| Thailand | 3.0 | 0.7 | 1.8 | 3.2 | 2.2% |
| Mexico | 0.1 | N/A | 1.2 | 2.7 | 200.0% |
| Iran | 0.4 | 0.1 | 0.9 | 2.3 | 79.2% |
| United Kingdom | 2.7 | 1.7 | 2.2 | 2.3 | -5.2% |
| India | 1.8 | 6.1 | 6.9 | 1.4 | -8.0% |
| Switzerland | N/A | 0.1 | 0.8 | 1.1 | 231.7% |
| Others | 23.5 | 13.3 | 21.9 | 20.2 | -4.9% |
| Total | 77.2 | 64.3 | 129 | 99.2 | 8.7% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from South Korea in 2022:
- Belgium (1274.7 tons)
- China (1139.9 tons)
- United Arab Emirates (456.9 tons)
- United States (428.8 tons)
- Germany (403.3 tons)
- Iran (249.4 tons)
- Thailand (244.0 tons)
- Mexico (211.7 tons)
- Russia (181.6 tons)
- United Kingdom (167.8 tons)
- Japan (163.6 tons)
- India (128.8 tons)
- Switzerland (111.3 tons)
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