Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (FOB) - 2023
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,821 per ton in 2022, surging by 75% against the previous year. In general, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 109% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($5,192 per ton), while the price for India ($1,138 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+475.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (FOB) - 2023
In September 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,237 per ton, shrinking by -71.5% against the previous month. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in August 2022 an increase of 212% month-to-month. As a result, the export price attained the peak level of $4,347 per ton, and then fell remarkably in the following month.
Average prices varied noticeably for the major export markets. In September 2022, the country with the highest price was Indonesia ($1,244 per ton), while the average price for exports to Brunei Darussalam totaled $1,192 per ton.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-3.0%).
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Singapore shrank sharply to 1.4K tons, which is down by -37% compared with 2021 figures. Over the period under review, imports continue to indicate a sharp decline. The smallest decline of -0.6% was in 2021.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses expanded remarkably to $2.5M in 2022. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2,428 | 1,465 | 1,651 | 1,385 | -17.1% |
| China | 6.2 | 121 | 226 | 613 | 362.4% |
| Japan | 5.7 | 3.1 | 202 | 219 | 237.4% |
| Indonesia | N/A | 13.7 | 3.9 | 137 | 216.2% |
| India | N/A | N/A | N/A | 30.7 | 0% |
| South Korea | 218 | N/A | N/A | N/A | 0% |
| Others | 309 | 113 | 174 | 98.8 | -31.6% |
| Total | 2,967 | 1,716 | 2,257 | 2,483 | -5.8% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Singapore in 2022:
- Malaysia (872.3 tons)
- China (308.9 tons)
- Indonesia (108.4 tons)
- Japan (42.2 tons)
- India (27.0 tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore
In 2022, shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -51.3% to 1.4K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 56%. As a result, the exports attained the peak of 5.5K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined notably to $2.1M in 2022. Overall, exports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, the exports attained the peak of $3.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2,351 | 1,527 | 1,585 | 1,062 | -23.3% |
| Sri Lanka | 227 | 53.4 | 522 | 512 | 31.1% |
| Brunei Darussalam | 158 | 1,539 | 428 | 265 | 18.8% |
| Others | 192 | 457 | 429 | 253 | 9.6% |
| Total | 2,928 | 3,576 | 2,964 | 2,092 | -10.6% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Singapore in 2022:
- Indonesia (798.9 tons)
- Sri Lanka (353.4 tons)
- Brunei Darussalam (211.7 tons)
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