Price for Steel, Stainless; Ingots and Other Primary Forms in France - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in France (FOB) - 2023
- Price for Steel, Stainless; Ingots and Other Primary Forms in France (CIF) - 2023
- Exports of Steel, Stainless; Ingots and Other Primary Forms in France
- Imports of Steel, Stainless; Ingots and Other Primary Forms in France
Price for Steel, Stainless; Ingots and Other Primary Forms in France (FOB) - 2023
The average export price for steel, stainless; ingots and other primary formses stood at $16,813 per ton in October 2023, increasing by 544% against the previous month. Overall, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Singapore ($20,621 per ton), while the average price for exports to Tunisia stood at $1,626 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in France (CIF) - 2023
The average import price for steel, stainless; ingots and other primary formses stood at $7,987 per ton in October 2023, falling by -8.5% against the previous month. Overall, the import price, however, showed modest growth. The pace of growth appeared the most rapid in February 2023 an increase of 225% m-o-m. The import price peaked at $9,983 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($9,418 per ton), while the price for the United States amounted to $7,917 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Ingots and Other Primary Forms in France
In 2022, approx. 6.5K tons of steel, stainless; ingots and other primary formses were exported from France; with an increase of 4.6% against the previous year. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of steel, stainless; ingots and other primary formses expanded markedly to $17M in 2022. Overall, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.2% 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 +77.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Steel, Stainless; Ingots and Other Primary Forms in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.7 | 4.6 | 10.0 | 9.9 | 8.7% |
| Italy | 2.0 | 1.7 | 2.4 | 1.7 | -5.3% |
| Spain | 3.6 | 0.6 | 0.8 | 1.4 | -27.0% |
| Belgium | 0.6 | 0.7 | 0.9 | 1.1 | 22.4% |
| Czech Republic | 0.5 | 1.0 | 0.6 | 0.9 | 21.6% |
| Netherlands | 0.6 | 0.6 | 0.2 | 0.8 | 10.1% |
| Tunisia | 0.6 | 0.1 | N/A | 0.7 | 5.3% |
| Others | 0.4 | 0.1 | 0.2 | 0.2 | -20.6% |
| Total | 16.0 | 9.4 | 15.3 | 16.6 | 1.2% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from France in 2022:
- Germany (2862.1 tons)
- Spain (2033.3 tons)
- Belgium (420.9 tons)
- Netherlands (415.4 tons)
- Italy (391.3 tons)
- Czech Republic (189.8 tons)
- Tunisia (123.9 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in France
For the third year in a row, France recorded decline in purchases abroad of steel, stainless; ingots and other primary formses, which decreased by -16.2% to 1.2K tons in 2022. Overall, imports saw a significant decrease. The smallest decline of -16% was in 2020.
In value terms, imports of steel, stainless; ingots and other primary formses soared to $7.6M in 2022. In general, imports faced a abrupt slump.
| Import of Steel, Stainless; Ingots and Other Primary Forms in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.8 | 5.7 | 2.8 | 2.9 | -15.5% |
| Italy | 2.0 | 1.8 | 1.2 | 1.4 | -11.2% |
| Czech Republic | 0.4 | 0.4 | 0.4 | 1.2 | 44.2% |
| Spain | 1.1 | 1.5 | 1.1 | 1.1 | 0.0% |
| United Kingdom | 0.8 | 0.4 | 0.4 | 0.6 | -9.1% |
| Germany | 2.2 | 0.2 | 0.2 | 0.4 | -43.3% |
| Others | 0.3 | 0.5 | 0.4 | 0.2 | -12.6% |
| Total | 11.6 | 10.5 | 6.4 | 7.6 | -13.1% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to France in 2022:
- United States (530.4 tons)
- Italy (199.4 tons)
- Czech Republic (180.8 tons)
- Spain (108.9 tons)
- Germany (77.9 tons)
- United Kingdom (35.4 tons)
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