Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland (CIF) - 2023
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $722 per ton in August 2023, shrinking by -3.2% against the previous month. In general, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in April 2023 an increase of 7.2% m-o-m. Over the period under review, average import prices hit record highs at $859 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were Spain ($959 per ton) and France ($880 per ton), while the price for Portugal ($702 per ton) and Germany ($710 per ton) were amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland (FOB) - 2023
In August 2023, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $916 per ton, dropping by -11.2% against the previous month. In general, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in January 2023 an increase of 17% month-to-month. As a result, the export price attained the peak level of $1,163 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the UK.
From December 2022 to August 2023, the rate of growth in terms of prices for the UK amounted to -1.9% per month.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Ireland rose remarkably to 74K tons in 2022, with an increase of 12% compared with the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $74M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 14.7 | 8.9 | 7.6 | 19.7 | 10.3% |
| Germany | 0.1 | 4.1 | 9.8 | 17.9 | 463.6% |
| United Kingdom | 15.5 | 16.4 | 23.2 | 16.7 | 2.5% |
| Spain | 10.2 | 3.2 | 11.1 | 8.9 | -4.4% |
| Turkey | N/A | N/A | N/A | 4.3 | 0% |
| Russia | N/A | N/A | N/A | 3.9 | 0% |
| Others | 1.1 | 0.2 | 3.0 | 2.6 | 33.2% |
| Total | 41.5 | 32.8 | 54.6 | 74.0 | 21.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Ireland in 2022:
- Portugal (20.7K tons)
- United Kingdom (16.7K tons)
- Germany (15.5K tons)
- Spain (9.5K tons)
- Turkey (4.7K tons)
- Russia (3.9K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses exported from Ireland soared to 3.6K tons, growing by 228% on the year before. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $4.6M in 2022. In general, exports continue to indicate significant growth. 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 Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.7 | 0.9 | 1.2 | 4.6 | 87.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.8 | 0.9 | 1.3 | 4.6 | 79.2% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Ireland in 2022:
- United Kingdom (3.6K tons)
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