Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovakia - 2023

Contents:

1. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovakia (CIF) - 2022
2. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovakia (FOB) - 2023
3. Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovakia
4. Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovakia

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovakia (CIF) - 2022

The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,257 per ton in 2022, increasing by 31% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by +70.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 France ($2,082 per ton), while the price for Italy ($973 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), 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 Slovakia (FOB) - 2023

In July 2023, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,244 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 9.8% m-o-m. As a result, the export price attained the peak level of $1,325 per ton. From January 2023 to July 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In July 2023, the country with the highest price was Germany ($1,747 per ton), while the average price for exports to the Czech Republic stood at $1,178 per ton.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.7%).

Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovakia

Imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Slovakia fell sharply to 44K tons in 2022, reducing by -16.7% on 2021 figures. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 140%. As a result, imports attained the peak of 53K tons, and then contracted sharply in the following year.

In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses rose remarkably to $55M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 213%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Slovakia in 2022:

1. Germany (22.1K tons)
2. Italy (11.0K tons)
3. Austria (2.9K tons)
4. Netherlands (2.2K tons)
5. Slovenia (1.6K tons)
6. France (1.3K tons)
7. Czech Republic (1.2K tons)

Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovakia

In 2022, after three years of growth, there was significant decline in shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -25.2% to 23K tons. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 230%. As a result, the exports attained the peak of 30K tons, and then shrank dramatically in the following year.

In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses expanded modestly to $28M in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 186%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Slovakia in 2022:

1. Czech Republic (22.3K tons)
2. Germany (0.1K tons)

Source: IndexBox Market Intelligence Platform