Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil (FOB) - 2024
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil (CIF) - 2024
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil (FOB) - 2024
In August 2023, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $744 per ton, which is down by -10.8% against the previous month. Over the period under review, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 8.7% month-to-month. Over the period under review, the average export prices hit record highs at $864 per ton in February 2023; however, from March 2023 to August 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In August 2023, the countries with the highest prices were Argentina ($939 per ton) and the United States ($917 per ton), while the average price for exports to Colombia ($682 per ton) and the Dominican Republic ($688 per ton) were amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+4.8%), 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 Brazil (CIF) - 2024
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $701 per ton in August 2023, reducing by -3.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 5% against the previous month. As a result, import price attained the peak level of $773 per ton. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($1,151 per ton), while the price for Egypt ($680 per ton) was amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Egypt (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil
In 2022, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were finally on the rise to reach 376K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a mild decline.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $349M in 2022. In general, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 76.4 | 67.5 | 99.2 | 126 | 18.1% |
| Peru | 37.2 | 18.7 | 11.8 | 52.0 | 11.8% |
| Dominican Republic | 4.9 | 9.5 | 5.3 | 32.3 | 87.5% |
| Argentina | 9.9 | 9.5 | 26.1 | 23.0 | 32.4% |
| Chile | 5.0 | N/A | 3.6 | 22.4 | 64.9% |
| Colombia | 17.3 | 17.6 | 22.5 | 21.6 | 7.7% |
| Bolivia | 9.9 | 3.1 | 9.0 | 21.2 | 28.9% |
| Senegal | N/A | N/A | N/A | 12.0 | 0% |
| Ecuador | 19.7 | 11.8 | 4.8 | 12.0 | -15.2% |
| Paraguay | 3.3 | 2.9 | 6.2 | 10.6 | 47.5% |
| Taiwan (Chinese) | 8.2 | 1.3 | 4.0 | N/A | -30.2% |
| Italy | 14.1 | 4.7 | N/A | N/A | -66.7% |
| Others | 33.3 | 20.1 | 8.9 | 16.3 | -21.2% |
| Total | 239 | 167 | 201 | 349 | 13.5% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Brazil in 2022:
- United States (104.4K tons)
- Peru (67.5K tons)
- Dominican Republic (39.8K tons)
- Chile (27.2K tons)
- Argentina (26.5K tons)
- Bolivia (26.0K tons)
- Colombia (24.3K tons)
- Senegal (14.0K tons)
- Ecuador (13.6K tons)
- Paraguay (11.8K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Brazil contracted significantly to 147K tons in 2022, waning by -48.7% compared with the previous year. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,179% against the previous year. As a result, imports attained the peak of 287K tons, and then shrank remarkably in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses fell dramatically to $139M in 2022. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 1,352%. As a result, imports reached the peak of $221M, and then contracted significantly in the following year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 0.8 | 15.2 | 38.4 | 182.7% |
| Egypt | N/A | N/A | 74.7 | 32.8 | -56.1% |
| Turkey | 16.2 | N/A | 96.3 | 31.0 | 24.2% |
| Germany | 9.4 | 4.6 | 8.1 | 19.0 | 26.4% |
| Malaysia | N/A | 4.4 | 1.8 | 8.1 | 35.7% |
| Russia | N/A | N/A | N/A | 3.7 | 0% |
| Argentina | 1.5 | 0.6 | 0.8 | 3.0 | 26.0% |
| Ukraine | 2.9 | N/A | 19.6 | N/A | 160.0% |
| Others | 1.4 | 4.7 | 4.1 | 2.8 | 26.0% |
| Total | 33.1 | 15.2 | 221 | 139 | 61.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Brazil in 2022:
- Egypt (40.2K tons)
- China (37.1K tons)
- Turkey (35.5K tons)
- Germany (14.3K tons)
- Malaysia (10.7K tons)
- Russia (5.4K tons)
- Argentina (2.7K tons)
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