Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (FOB) - 2024
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (FOB) - 2024
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $568 per ton in July 2023, shrinking by -53.6% against the previous month. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in February 2023 an increase of 271% m-o-m. As a result, the export price reached the peak level of $3,224 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Swaziland ($834 per ton), while the average price for exports to Senegal ($548 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+207.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,070 per ton, surging by 10% against the previous year. Overall, the import price recorded a pronounced increase. The most prominent rate of growth was recorded in 2018 an increase of 76%. Over the period under review, average import prices attained the maximum at $1,183 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1,890 per ton), while the price for China ($856 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+60.8%), 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 South Africa
In 2022, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were finally on the rise to reach 110K tons after two years of decline. Over the period under review, exports, however, recorded a sharp shrinkage.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses expanded rapidly to $82M in 2022. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 46%.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 10.3 | 0.3 | 2.1 | 21.4 | 27.6% |
| Kenya | 37.1 | 15.0 | 16.9 | 11.5 | -32.3% |
| Tanzania | 15.0 | 5.0 | 11.4 | 9.2 | -15.0% |
| Zambia | 3.0 | 4.5 | 7.7 | 7.6 | 36.3% |
| Cote d'Ivoire | 1.8 | N/A | 0.2 | 5.4 | 44.2% |
| Botswana | 4.8 | 5.3 | 5.5 | 5.1 | 2.0% |
| Mauritius | 6.5 | 2.8 | 5.4 | 4.6 | -10.9% |
| Uganda | 22.2 | 6.2 | 7.0 | N/A | -43.8% |
| Others | 12.7 | 11.5 | 17.6 | 17.2 | 10.6% |
| Total | 113 | 50.5 | 73.8 | 81.9 | -10.2% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from South Africa in 2022:
- Ghana (29.7K tons)
- Kenya (17.9K tons)
- Tanzania (14.7K tons)
- Zambia (8.8K tons)
- Cote d'Ivoire (7.6K tons)
- Mauritius (6.4K tons)
- Botswana (5.7K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into South Africa declined notably to 740 tons, falling by -25.2% compared with 2021. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 534%. As a result, imports reached the peak of 989 tons, and then dropped dramatically in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses shrank rapidly to $791K in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 494%. As a result, imports reached the peak of $960K, and then contracted dramatically in the following year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.2 | 2.5 | 58.1 | 452 | 253.9% |
| Japan | 175 | N/A | 174 | 160 | -2.9% |
| Germany | 0.1 | 26.3 | 538 | 85.8 | 850.2% |
| Botswana | N/A | 86.5 | 138 | 55.3 | -20.0% |
| Angola | 9.0 | N/A | N/A | N/A | 0% |
| Others | 38.5 | 46.2 | 51.7 | 38.3 | -0.2% |
| Total | 233 | 161 | 960 | 791 | 50.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to South Africa in 2022:
- China (528.0 tons)
- Japan (84.6 tons)
- Botswana (64.5 tons)
- Germany (51.1 tons)
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