Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany (FOB) - 2023
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany (CIF) - 2023
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany (FOB) - 2023
In November 2023, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $5,401 per ton, surging by 4% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 35% against the previous month. The export price peaked at $5,734 per ton in September 2023; however, from October 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was the United States ($13,963 per ton), while the average price for exports to India ($4,693 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany (CIF) - 2023
In November 2023, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $6,156 per ton, standing approximately at the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 25% month-to-month. As a result, import price attained the peak level of $8,159 per ton. From January 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From November 2022 to November 2023, the rate of growth in terms of prices for Austria amounted to +4.3% per month.
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany
In 2022, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia from Germany soared to 49K tons, increasing by 316% on the previous year. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia soared to $170M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.0 | 7.8 | 9.0 | 121 | 116.0% |
| Czech Republic | 11.6 | 5.2 | 4.1 | 15.7 | 10.6% |
| Poland | 11.7 | 6.9 | 8.2 | 15.3 | 9.4% |
| Portugal | 2.7 | 2.2 | 4.5 | 8.2 | 44.8% |
| Switzerland | 4.1 | 4.1 | 4.3 | 3.4 | -6.0% |
| Italy | 1.5 | 1.5 | 0.7 | 1.1 | -9.8% |
| Others | 4.7 | 3.8 | 6.5 | 6.0 | 8.5% |
| Total | 48.3 | 31.5 | 37.4 | 170 | 52.1% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Germany in 2022:
- France (36.5K tons)
- Poland (4.7K tons)
- Czech Republic (3.5K tons)
- Portugal (1.9K tons)
- Switzerland (0.8K tons)
- Italy (0.2K tons)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany
In 2022, approx. 16K tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were imported into Germany; shrinking by -14.3% compared with the previous year. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 15%.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia soared to $110M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 14.2 | 13.4 | 20.7 | 38.5 | 39.4% |
| France | 16.8 | 25.7 | 35.2 | 32.5 | 24.6% |
| Sweden | 13.7 | 7.9 | 8.0 | 10.2 | -9.4% |
| Spain | 2.7 | 3.3 | 4.2 | 8.5 | 46.6% |
| United Kingdom | 4.1 | 3.5 | 6.2 | 6.5 | 16.6% |
| Austria | 7.5 | 5.5 | 6.1 | 5.3 | -10.9% |
| Slovenia | 2.3 | 2.4 | 2.9 | 3.1 | 10.5% |
| Others | 7.8 | 6.4 | 7.1 | 5.2 | -12.6% |
| Total | 69.1 | 68.2 | 90.4 | 110 | 16.8% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Germany in 2022:
- Italy (5.5K tons)
- France (4.0K tons)
- Sweden (1.7K tons)
- Spain (1.6K tons)
- United Kingdom (1.5K tons)
- Slovenia (0.7K tons)
- Austria (0.5K tons)
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