Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Denmark - 2023

Contents:

1. Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Denmark (CIF) - 2023
2. Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Denmark (FOB) - 2023
3. Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Denmark
4. Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Denmark

Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Denmark (CIF) - 2023

In November 2023, the average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $9,938 per ton, shrinking by -9.3% against the previous month. Over the period under review, the import price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in July 2023 an increase of 8.8% against the previous month. The import price peaked at $16,976 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Norway ($14,950 per ton), while the price for China totaled $7,576 per ton.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Denmark (FOB) - 2023

The average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $15,800 per ton in November 2023, with an increase of 61% against the previous month. Over the period under review, the export price showed a measured increase. The growth pace was the most rapid in April 2023 when the average export price increased by 113% m-o-m. As a result, the export price reached the peak level of $25,967 per ton. From May 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was the UK ($83,063 per ton), while the average price for exports to Iceland ($6,591 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Denmark

In 2022, after two years of decline, there was significant growth in supplies from abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia, when their volume increased by 53% to 1.6K tons. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia skyrocketed to $17M in 2022. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Denmark in 2022:

1. Sweden (623.3 tons)
2. Italy (479.1 tons)
3. Germany (295.9 tons)
4. Netherlands (59.9 tons)
5. Spain (51.2 tons)

Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Denmark

In 2022, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia from Denmark declined notably to 225 tons, with a decrease of -30.7% against 2021. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, the exports reached the peak of 325 tons, and then contracted rapidly in the following year.

In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia skyrocketed to $2.8M in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 44%.

Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Denmark in 2022:

1. Finland (43.0 tons)
2. Poland (33.7 tons)
3. Norway (27.6 tons)
4. Estonia (19.4 tons)
5. Sweden (18.8 tons)
6. Czech Republic (15.1 tons)
7. Iceland (9.9 tons)
8. Latvia (8.2 tons)
9. Lithuania (7.0 tons)
10. China (7.0 tons)
11. Ukraine (6.1 tons)
12. South Africa (5.9 tons)
13. Ireland (5.8 tons)

Source: IndexBox Market Intelligence Platform