Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania (CIF) - 2023
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $684 per ton in August 2023, which is down by -4.8% against the previous month. Overall, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 11% month-to-month. Over the period under review, average import prices reached the peak figure at $840 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Latvia ($867 per ton) and Germany ($735 per ton), while the price for Egypt ($668 per ton) and Italy ($681 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 Vietnam (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania (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 $679 per ton, dropping by -23.2% against the previous month. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 6% against the previous month. The export price peaked at $1,035 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Germany ($1,008 per ton), while the average price for exports to Sweden ($169 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.6%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Lithuania expanded remarkably to 131K tons in 2022, picking up by 10% compared with the previous year. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $120M in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 142%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 23.3 | 18.9 | 41.7 | 38.5 | 18.2% |
| Belarus | 21.4 | 12.5 | 24.7 | 18.2 | -5.3% |
| Poland | 0.9 | 0.9 | 1.2 | 15.1 | 156.0% |
| Spain | N/A | 2.5 | 2.7 | 11.5 | 114.5% |
| Turkey | N/A | N/A | N/A | 10.7 | 0% |
| Ukraine | 1.2 | 0.6 | 13.3 | 9.6 | 100.0% |
| Germany | 1.6 | 1.7 | 3.9 | 6.5 | 59.6% |
| Others | 1.0 | 0.7 | 3.9 | 9.9 | 114.7% |
| Total | 49.3 | 37.8 | 91.4 | 120 | 34.5% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Lithuania in 2022:
- Russia (43.5K tons)
- Belarus (21.8K tons)
- Poland (16.5K tons)
- Turkey (13.6K tons)
- Ukraine (10.2K tons)
- Spain (9.8K tons)
- Germany (5.7K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Lithuania skyrocketed to 30K tons, growing by 131% compared with 2021 figures. In general, exports showed a significant expansion. As a result, the exports reached 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 soared to $31M in 2022. Overall, exports showed 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 Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 7.3 | 0% |
| Latvia | 2.7 | 1.9 | 4.2 | 5.7 | 28.3% |
| Sweden | 2.4 | 0.8 | 2.3 | 4.7 | 25.1% |
| Poland | 0.7 | 0.6 | 1.9 | 4.6 | 87.3% |
| Norway | 1.9 | 1.5 | 1.7 | 3.5 | 22.6% |
| Finland | 1.3 | 1.6 | 0.7 | 2.1 | 17.3% |
| Estonia | 0.9 | 1.0 | 1.1 | 1.9 | 28.3% |
| Others | 0.6 | 0.1 | N/A | 1.6 | 38.7% |
| Total | 10.3 | 7.6 | 11.9 | 31.4 | 45.0% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Lithuania in 2022:
- Netherlands (9.4K tons)
- Latvia (5.4K tons)
- Poland (4.0K tons)
- Sweden (3.9K tons)
- Norway (2.6K tons)
- Estonia (1.8K tons)
- Finland (1.7K tons)
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