Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey (FOB) - 2024
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey (CIF) - 2024
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey (FOB) - 2024
In July 2023, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $636 per ton, waning by -5.6% against the previous month. Overall, the export price continues to indicate a slight setback. The pace of growth was the most pronounced in March 2023 when the average export price increased by 3.6% against the previous month. As a result, the export price reached the peak level of $739 per ton. From April 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In July 2023, the highest price was recorded for prices to Trinidad and Tobago ($692 per ton) and Australia ($676 per ton), while the average price for exports to Serbia ($563 per ton) and Romania ($607 per ton) were amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey (CIF) - 2024
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $702 per ton in July 2023, with a decrease of -7% against the previous month. Over the period under review, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in May 2023 an increase of 4.4% against the previous month. The import price peaked at $837 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($1,020 per ton), while the price for Malaysia ($602 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by China (+3.1%), 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 Turkey
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Turkey fell significantly to 1.1M tons, waning by -22.7% on the previous year's figure. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 13%.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses contracted to $916M in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 79%. As a result, the exports reached the peak of $1B, and then declined in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 203 | 149 | 193 | 215 | 1.9% |
| Romania | 54.7 | 16.5 | 58.9 | 101 | 22.7% |
| Senegal | 29.4 | 27.2 | 25.8 | 55.7 | 23.7% |
| Canada | 0.5 | 2.5 | 37.6 | 42.9 | 341.1% |
| Morocco | 42.5 | 30.3 | 24.4 | 37.5 | -4.1% |
| Netherlands | 73.3 | 40.1 | 103 | 36.8 | -20.5% |
| Australia | 19.4 | 8.5 | 50.4 | 33.2 | 19.6% |
| Cote d'Ivoire | 16.9 | 10.4 | 52.3 | 32.5 | 24.4% |
| Italy | 6.7 | 10.3 | 31.3 | 31.7 | 67.9% |
| Haiti | 56.1 | 61.1 | 27.0 | 30.5 | -18.4% |
| Bulgaria | 31.8 | 8.0 | 9.4 | 29.3 | -2.7% |
| United Kingdom | 1.6 | N/A | 8.8 | 21.5 | 137.7% |
| Serbia | 4.4 | 3.3 | 4.3 | 21.3 | 69.2% |
| Others | 382 | 211 | 409 | 227 | -15.9% |
| Total | 922 | 579 | 1,035 | 916 | -0.2% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Turkey in 2022:
- Israel (261.4K tons)
- Romania (117.2K tons)
- Senegal (72.1K tons)
- Morocco (47.8K tons)
- Canada (47.7K tons)
- Netherlands (46.8K tons)
- Cote d'Ivoire (39.7K tons)
- Haiti (38.9K tons)
- Australia (36.8K tons)
- Bulgaria (36.7K tons)
- Italy (33.3K tons)
- Serbia (24.1K tons)
- United Kingdom (22.7K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Turkey rose to 366K tons, surging by 2.8% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses expanded slightly to $363M in 2022. Overall, imports showed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 103%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 39.4 | 10.9 | 56.2 | 94.4 | 33.8% |
| Germany | 12.0 | 17.9 | 62.2 | 76.9 | 85.7% |
| Spain | 71.0 | 76.0 | 94.7 | 68.5 | -1.2% |
| United Kingdom | 37.8 | 24.2 | 23.5 | 34.6 | -2.9% |
| Switzerland | 5.4 | 4.3 | 11.3 | 18.0 | 49.4% |
| France | 2.8 | 2.6 | 16.2 | 16.5 | 80.6% |
| South Korea | 14.7 | 14.7 | 8.2 | 14.9 | 0.5% |
| Italy | 3.9 | 2.0 | 7.7 | 11.7 | 44.2% |
| Azerbaijan | N/A | N/A | 3.3 | 6.5 | 97.0% |
| Japan | 9.6 | 10.7 | 27.2 | 4.8 | -20.6% |
| Iran | 21.4 | 2.0 | 1.2 | 1.1 | -62.8% |
| Others | 12.8 | 5.6 | 36.0 | 14.5 | 4.2% |
| Total | 231 | 171 | 348 | 363 | 16.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Turkey in 2022:
- Russia (131.2K tons)
- Spain (65.7K tons)
- Germany (62.1K tons)
- United Kingdom (30.2K tons)
- France (14.7K tons)
- Switzerland (13.5K tons)
- Italy (11.4K tons)
- South Korea (11.4K tons)
- Azerbaijan (8.5K tons)
- Japan (3.4K tons)
- Iran (1.5K tons)
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