Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay - 2023

Contents:

  1. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay (FOB) - 2022
  2. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay (CIF) - 2022
  3. Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay
  4. Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay (FOB) - 2022

In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $15,637 per ton, picking up by 123% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2013 to 2022, the rate of growth in terms of prices for Free Zones amounted to +57.0% per year.

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay (CIF) - 2022

In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $13,209 per ton, surging by 94% against the previous year. In general, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of 111%. As a result, import price reached the peak level of $25,227 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -0.7% per year.

Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay

In 2022, overseas shipments of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -97.3% to 193 kg, falling for the second consecutive year after two years of growth. Overall, exports saw a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 899%. As a result, the exports reached the peak of 8.5 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia shrank remarkably to $3K in 2022. Over the period under review, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 1,125% against the previous year.

Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones3.542.350.63.0-5.0%
OthersN/AN/AN/AN/A0%
Total3.542.350.63.0-5.0%

Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Uruguay in 2022:

  1. Free Zones (193.0 kg)

Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay

In 2022, supplies from abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -28.3% to 43 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 200%. As a result, imports attained the peak of 60 kg, and then reduced notably in the following year.

In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $568 in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 93%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Uruguay (USD)
COUNTRY2019202020212022CAGR,
2019-2022
ItalyN/AN/AN/A5680%
Norway139N/AN/AN/A0%
ChinaN/AN/A198N/A0%
Brazil4.0276210N/A624.6%
OthersN/AN/AN/AN/A0%
Total14327640856858.4%

Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Uruguay in 2022:

  1. Italy (43.0 kg)

Source: IndexBox Market Intelligence Platform

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