Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States (FOB) - 2023
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States (CIF) - 2023
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States (FOB) - 2023
In November 2023, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $12,488 per ton, picking up by 8.5% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in May 2023 an increase of 15% month-to-month. The export price peaked in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($22,096 per ton), while the average price for exports to Canada ($9,800 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States (CIF) - 2023
In November 2023, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $7,163 per ton, flattening at the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 42% m-o-m. The import price peaked at $9,558 per ton in March 2023; however, from April 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($27,896 per ton), while the price for Japan ($3,894 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States
In 2022, the amount of iron or steel; non-threaded cotters and cotter-pinses exported from the United States skyrocketed to 16K tons, growing by 24% on the previous year's figure. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 steel; non-threaded cotters and cotter-pinses soared to $186M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 69.7 | 53.8 | 57.1 | 79.0 | 4.3% |
| Canada | 17.9 | 15.0 | 19.1 | 23.9 | 10.1% |
| Czech Republic | 9.9 | 7.5 | 9.9 | 10.7 | 2.6% |
| China | 6.6 | 6.8 | 9.2 | 10.1 | 15.2% |
| Australia | 4.7 | 3.5 | 3.9 | 5.0 | 2.1% |
| Germany | 4.0 | 2.7 | 4.4 | 4.8 | 6.3% |
| United Kingdom | 2.9 | 2.5 | 3.3 | 4.2 | 13.1% |
| Brazil | 3.2 | 3.5 | 4.1 | 3.5 | 3.0% |
| France | 1.7 | 1.3 | 2.2 | 3.4 | 26.0% |
| Others | 31.0 | 24.0 | 29.1 | 41.8 | 10.5% |
| Total | 152 | 121 | 142 | 186 | 7.0% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from the United States in 2022:
- Mexico (7.1K tons)
- Canada (3.1K tons)
- Czech Republic (1.2K tons)
- China (0.7K tons)
- United Kingdom (0.4K tons)
- Germany (0.4K tons)
- Brazil (0.3K tons)
- Australia (0.3K tons)
- France (0.3K tons)
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States
In 2022, approx. 9.2K tons of iron or steel; non-threaded cotters and cotter-pinses were imported into the United States; increasing by 19% compared with the previous year. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +66.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses skyrocketed to $76M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.3 | 7.6 | 11.5 | 16.8 | 3.2% |
| Japan | 20.3 | 18.1 | 21.7 | 16.4 | -6.9% |
| Taiwan (Chinese) | 4.2 | 2.9 | 6.8 | 8.6 | 27.0% |
| Germany | 6.1 | 4.2 | 5.7 | 5.9 | -1.1% |
| France | 2.0 | 1.6 | 2.1 | 3.2 | 17.0% |
| India | 1.2 | 0.9 | 1.5 | 3.1 | 37.2% |
| Canada | 2.1 | 2.6 | 3.0 | 3.0 | 12.6% |
| Mexico | 2.1 | 1.2 | 1.7 | 2.7 | 8.7% |
| Italy | 1.0 | 0.9 | 1.9 | 2.6 | 37.5% |
| Czech Republic | 1.5 | 2.2 | 2.3 | 2.3 | 15.3% |
| South Korea | 1.8 | 1.6 | 1.7 | 2.0 | 3.6% |
| Others | 4.0 | 3.4 | 5.6 | 9.7 | 34.3% |
| Total | 61.6 | 47.1 | 65.5 | 76.3 | 7.4% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to the United States in 2022:
- China (3833.2 tons)
- Japan (1826.6 tons)
- Taiwan (Chinese) (1139.2 tons)
- India (515.8 tons)
- Germany (344.9 tons)
- South Korea (282.6 tons)
- Czech Republic (244.4 tons)
- Mexico (183.7 tons)
- Italy (167.5 tons)
- Canada (164.3 tons)
- France (152.9 tons)
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