Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan (FOB) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan (CIF) - 2023
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan (FOB) - 2023
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,048 per ton in July 2023, therefore, remained relatively stable against the previous month. Over the period under review, the export price recorded a mild slump. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 7% m-o-m. The export price peaked at $1,147 per ton in January 2023; however, from February 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($1,892 per ton), while the average price for exports to Vietnam ($750 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan (CIF) - 2023
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $689 per ton in July 2023, reducing by -1.6% against the previous month. In general, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 4.8% m-o-m. The import price peaked at $771 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from South Korea ($724 per ton) and Indonesia ($692 per ton), while the price for Vietnam ($587 per ton) and China ($672 per ton) were amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Japan fell to 701K tons, which is down by -14.3% compared with 2021 figures. Overall, exports continue to indicate a slight decline. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. As a result, the exports reached the peak of 818K tons, and then contracted in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses expanded sharply to $761M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 70%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 133 | 97.3 | 142 | 185 | 11.6% |
| United States | 123 | 70.2 | 107 | 162 | 9.6% |
| Thailand | 104 | 64.7 | 114 | 94.8 | -3.0% |
| China | 62.4 | 53.3 | 88.7 | 93.0 | 14.2% |
| Indonesia | 31.1 | 27.0 | 49.9 | 60.2 | 24.6% |
| Malaysia | 17.1 | 18.0 | 55.3 | 50.5 | 43.5% |
| Vietnam | 43.4 | 21.8 | 47.7 | 49.5 | 4.5% |
| Taiwan (Chinese) | 36.4 | 27.5 | 52.3 | 32.5 | -3.7% |
| Others | 31.9 | 36.3 | 50.8 | 33.4 | 1.5% |
| Total | 582 | 416 | 707 | 761 | 9.4% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Japan in 2022:
- South Korea (177.1K tons)
- United States (136.9K tons)
- Thailand (83.5K tons)
- China (79.8K tons)
- Indonesia (58.6K tons)
- Vietnam (52.7K tons)
- Malaysia (51.0K tons)
- Taiwan (Chinese) (35.4K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Japan was estimated at 310K tons, rising by 5.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $253M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 60.2 | 30.5 | 23.1 | 84.7 | 12.1% |
| South Korea | 58.4 | 79.5 | 62.6 | 84.3 | 13.0% |
| Vietnam | 34.9 | 30.9 | 98.1 | 73.4 | 28.1% |
| Indonesia | 0.1 | 1.3 | 26.3 | 5.0 | 268.4% |
| Malaysia | 23.0 | 2.2 | 7.0 | 1.0 | -64.8% |
| Others | 6.3 | 2.0 | 12.2 | 4.7 | -9.3% |
| Total | 183 | 146 | 229 | 253 | 11.4% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Japan in 2022:
- South Korea (100.2K tons)
- China (99.1K tons)
- Vietnam (97.6K tons)
- Indonesia (6.4K tons)
- Malaysia (1.1K tons)
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