Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Russia - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Russia (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Russia (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Russia
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Russia
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Russia (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $579 per ton in 2022, reducing by -13.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 55%. As a result, the export price reached the peak level of $668 per ton, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($682 per ton), while the average price for exports to Egypt ($384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+14.4%), 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 Russia (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $462 per ton, shrinking by -29.3% against the previous year. Overall, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 67%. Over the period under review, average import prices hit record highs at $700 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($761 per ton), while the price for Ukraine ($414 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.4%), 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 Russia
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -19.8% to 1.3M tons. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.7% 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 +39.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, the exports attained the peak of 1.7M tons, and then fell remarkably in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses reduced dramatically to $774M in 2022. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 156% against the previous year. As a result, the exports attained the peak of $1.1B, and then declined remarkably in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 81.1 | 101 | 274 | 205 | 36.2% |
| Senegal | 2.5 | 9.7 | 30.2 | 108 | 250.9% |
| Netherlands | 38.5 | 23.6 | 52.0 | 83.5 | 29.4% |
| Italy | 12.7 | 14.2 | 20.5 | 73.5 | 79.5% |
| Greece | 0.9 | 2.7 | 15.1 | 54.2 | 292.0% |
| Spain | 3.6 | 3.6 | 10.2 | 36.6 | 116.6% |
| Albania | N/A | N/A | 2.1 | 32.6 | 1452.4% |
| Egypt | 3.6 | 10.9 | 4.2 | 22.0 | 82.8% |
| Romania | 20.3 | 23.0 | 43.6 | 19.6 | -1.2% |
| Kazakhstan | 51.6 | 43.3 | 73.4 | 18.7 | -28.7% |
| Kenya | 1.6 | 9.6 | 3.0 | 16.7 | 118.5% |
| Turkmenistan | 1.0 | 5.6 | 2.4 | 10.7 | 120.4% |
| Taiwan (Chinese) | 44.5 | 37.1 | 33.6 | 5.5 | -50.2% |
| Others | 199 | 150 | 549 | 86.8 | -24.2% |
| Total | 461 | 435 | 1,113 | 774 | 18.9% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Russia in 2022:
- Israel (313.2K tons)
- Senegal (179.3K tons)
- Italy (164.7K tons)
- Netherlands (122.5K tons)
- Greece (85.8K tons)
- Spain (64.7K tons)
- Egypt (57.4K tons)
- Albania (54.9K tons)
- Kenya (43.1K tons)
- Romania (29.7K tons)
- Kazakhstan (29.7K tons)
- Turkmenistan (23.7K tons)
- Taiwan (Chinese) (10.4K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Russia
In 2022, supplies from abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses was finally on the rise to reach 79K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep contraction.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $37M in 2022. In general, imports, however, recorded a dramatic setback.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 66.5 | 40.9 | 17.3 | 18.0 | -35.3% |
| Belarus | 0.2 | N/A | 2.8 | 12.4 | 295.8% |
| Moldova | 0.3 | 1.2 | 3.3 | 1.8 | 81.7% |
| Lithuania | 0.7 | 0.2 | 0.7 | 1.2 | 19.7% |
| South Korea | N/A | N/A | 0.2 | 1.1 | 450.0% |
| Czech Republic | 2.4 | 0.8 | 1.8 | 0.3 | -50.0% |
| Others | 1.6 | 1.8 | 2.1 | 1.8 | 4.0% |
| Total | 71.8 | 45.0 | 28.1 | 36.6 | -20.1% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Russia in 2022:
- Ukraine (43.6K tons)
- Belarus (25.7K tons)
- Moldova (3.3K tons)
- Lithuania (2.2K tons)
- South Korea (1.4K tons)
- Czech Republic (0.4K tons)
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