Price for Steel, Alloy; Semi-Finished Products in the United States - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in the United States (CIF) - 2023
- Price for Steel, Alloy; Semi-Finished Products in the United States (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in the United States
- Exports of Steel, Alloy; Semi-Finished Products in the United States
Price for Steel, Alloy; Semi-Finished Products in the United States (CIF) - 2023
The average steel, alloy; semi-finished products import price stood at $798 per ton in August 2023, reducing by -3.5% against the previous month. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in November 2022 an increase of 11% against the previous month. The import price peaked at $977 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($11,002 per ton), while the price for Mexico ($715 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Semi-Finished Products in the United States (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $1,464 per ton, with a decrease of -19% against the previous year. Overall, the export price, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2013 an increase of 123%. The export price peaked at $3,381 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($5,400 per ton), while the average price for exports to Canada ($450 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in the United States
In 2022, approx. 1.6M tons of steel, alloy; semi-finished productses were imported into the United States; which is down by -1.9% compared with 2021. In general, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 17%.
In value terms, steel, alloy; semi-finished products imports expanded notably to $1.5B in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 82% against the previous year.
| Import of Steel, Alloy; Semi-Finished Products in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 421 | 214 | 534 | 661 | 16.2% |
| Romania | 94.7 | 88.9 | 207 | 331 | 51.8% |
| Brazil | 785 | 286 | 394 | 202 | -36.4% |
| Italy | 77.0 | 13.8 | 61.1 | 131 | 19.4% |
| Canada | 25.9 | 19.3 | 65.5 | 77.1 | 43.9% |
| India | N/A | N/A | 1.0 | 24.9 | 2390.0% |
| Russia | 64.5 | 94.7 | 57.2 | 17.4 | -35.4% |
| Others | 16.9 | 11.9 | 6.0 | 12.5 | -9.6% |
| Total | 1,484 | 729 | 1,325 | 1,457 | -0.6% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to the United States in 2022:
- Mexico (742.6K tons)
- Romania (355.8K tons)
- Brazil (251.4K tons)
- Italy (124.1K tons)
- Canada (82.8K tons)
- India (28.2K tons)
- Russia (22.0K tons)
Exports of Steel, Alloy; Semi-Finished Products in the United States
For the fourth consecutive year, the United States recorded growth in shipments abroad of steel, alloy; semi-finished productses, which increased by 14% to 24K tons in 2022. The total export volume increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 27%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, steel, alloy; semi-finished products exports dropped to $35M in 2022. In general, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2020 when exports increased by 16%. As a result, the exports reached the peak of $44M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Steel, Alloy; Semi-Finished Products in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 15.2 | 9.3 | 14.7 | 15.5 | 0.7% |
| Canada | 3.7 | 4.5 | 4.7 | 7.2 | 24.8% |
| Honduras | 6.6 | 14.9 | 7.3 | 2.6 | -26.7% |
| China | 0.9 | 7.9 | 4.7 | 1.8 | 26.0% |
| Poland | 0.5 | 0.6 | N/A | 0.9 | 21.6% |
| Sweden | 0.3 | 0.3 | 0.2 | 0.6 | 26.0% |
| Taiwan (Chinese) | 0.7 | 0.6 | 0.2 | 0.1 | -47.7% |
| Others | 10.1 | 6.1 | 6.4 | 6.5 | -13.7% |
| Total | 38.0 | 44.2 | 38.3 | 35.3 | -2.4% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from the United States in 2022:
- Canada (16.1K tons)
- Mexico (5.3K tons)
- China (0.7K tons)
- Honduras (0.5K tons)
- Poland (0.4K tons)
- Sweden (0.4K tons)
- Taiwan (Chinese) (0.1K tons)
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