Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland (FOB) - 2023
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland (CIF) - 2022
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland (FOB) - 2023
In October 2023, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $1,052 per ton, reducing by -26.3% against the previous month. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 49% m-o-m. Over the period under review, the average export prices hit record highs at $1,944 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the United States ($114K per ton), while the average price for exports to South Korea stood at $22,700 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+45.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland (CIF) - 2022
In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $8,318 per ton, picking up by 27% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 53%. Over the period under review, average import prices attained the maximum at $10,543 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($25,410 per ton), while the price for Turkey ($5,519 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland
In 2022, approx. 18 tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were exported from Finland; growing by 25% compared with 2021. In general, exports, however, showed a abrupt setback.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia skyrocketed to $1.9M in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 587 | 440 | 789 | 1,888 | 47.6% |
| Others | 130 | 1.0 | 57.4 | 38.9 | -33.1% |
| Total | 718 | 441 | 847 | 1,927 | 39.0% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Finland in 2022:
- Sweden (17.9 tons)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland
Imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia into Finland reached 200 tons in 2022, picking up by 4.9% against the previous year's figure. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 45%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $1.7M in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 44%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 36.6 | 108 | 162 | 360 | 114.3% |
| Turkey | N/A | N/A | 115 | 276 | 140.0% |
| United Kingdom | 12.7 | 46.4 | 282 | 222 | 159.5% |
| Poland | 3.6 | 101 | 87.1 | 200 | 281.6% |
| Italy | 284 | 271 | 21.7 | 199 | -11.2% |
| Germany | 89.1 | 183 | 235 | 176 | 25.5% |
| Sweden | 67.1 | 63.2 | 48.7 | 80.9 | 6.4% |
| China | 167 | 126 | 143 | 56.3 | -30.4% |
| Others | 60.4 | 137 | 155 | 92.2 | 15.1% |
| Total | 720 | 1,036 | 1,251 | 1,663 | 32.2% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Finland in 2022:
- Estonia (57.4 tons)
- Turkey (50.1 tons)
- Poland (31.6 tons)
- United Kingdom (22.1 tons)
- Sweden (13.5 tons)
- Italy (8.6 tons)
- Germany (6.9 tons)
- China (4.2 tons)
701
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Finland.
4704
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
235
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2385
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
784
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1094
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
818
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
777
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
