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Italy - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Italy - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights

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Jul 26, 2023

Italy's Price for Hot-Rolled Steel Bars and Rods Surges to $1,051 per Ton

Italy Hot-Rolled Steel Bar and Rod Export Price in April 2023

In April 2023, the hot-rolled steel bar and rod price amounted to $1,051 per ton (FOB, Italy), picking up by 8.9% against the previous month. Over the period under review, the export price, however, showed a pronounced decrease. The export price peaked at $1,410 per ton in May 2022; however, from June 2022 to April 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($1,441 per ton), while the average price for exports to Cyprus ($736 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.6%), while the prices for the other major destinations experienced a decline.

COUNTRYExport Price of Hot-Rolled Steel Bar and Rod in Italy (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Switzerland1,8041,7981,9421,6611,4121,5341,5371,5041,8881,6821,2401,4061,441
Germany1,3351,4031,3611,1671,0941,1531,1381,0841,0311,1151,0281,0041,096
Spain1,3521,2821,3151,1491,1761,1931,1251,0131,1241,1411,1421,0831,082
France1,3471,3711,3601,1991,1271,1181,1031,0751,0811,0471,0199741,053
Poland1,2901,2101,0771,0498981,017920934840921877894945
Romania1,2281,1071,4101,2371,1231,1271,1977397471,066874845908
Czech Republic1,3461,3411,2341,0181,0241,029968865935922850889903
Hungary1,3351,3261,1469369671,030884881766878894836903
Austria1,3071,2911,1621,006975939907914868807802809870
Slovakia1,2931,2361,056930874928824838775839792788843
Slovenia1,3251,2701,059925921931883835884837796777843
Croatia1,2711,137944875895920788770769784775755801
Cyprus1,0879067726936871,909730701721737714867736
Average1,3931,4101,3481,1701,0931,1621,0821,0261,0341,0669859651,051

Italy Hot-Rolled Steel Bar and Rod Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was steel, stainless ($5,801 per ton), while the average price for exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils ($787 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for the following types: hot-rolled wire stainless steel rod (+0.3%), while the prices for the other products experienced mixed trend patterns.

Italy Hot-Rolled Steel Bar and Rod Exports

After three months of growth, shipments abroad of hot-rolled steel bars and rods decreased by -29.8% to 290K tons in April 2023. Overall, exports saw a mild decline. The pace of growth appeared the most rapid in September 2022 when exports increased by 45% m-o-m.

In value terms, hot-rolled steel bar and rod exports reduced notably to $305M (IndexBox estimates) in April 2023. Over the period under review, exports saw a noticeable curtailment. The growth pace was the most rapid in September 2022 with an increase of 54% month-to-month.

Italy Hot-Rolled Steel Bar and Rod Exports by Type

Iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling (128K tons), iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils (92K tons) and steel, alloy; bars and rods, hot-rolled, in irregularly wound coils (31K tons) were the main products of hot-rolled steel bar and rod exports from Italy, together accounting for 87% of total exports.

From April 2022 to April 2023, the biggest increases were in steel, alloy; bars and rods, hot-rolled, in irregularly wound coils (with a CAGR of +3.2%), while shipments for the other products experienced a decline.

In value terms, iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling ($116M), iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils ($72M) and hot-rolled bars in bearing steels ($44M) were the most exported types of hot-rolled steel bars and rods from Italy worldwide, together comprising 76% of total exports. These products were followed by steel, alloy; bars and rods, hot-rolled, in irregularly wound coils, hot-rolled wire rod in coil of stainless steel, hot-rolled round bars of stainless steel and steel, stainless, which together accounted for a further 24%.

Steel, alloy; bars and rods, hot-rolled, in irregularly wound coils, with a CAGR of +0.7%, recorded the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced a decline.

Italy Hot-Rolled Steel Bar and Rod Exports by Country

Germany (57K tons) was the main destination for hot-rolled steel bar and rod exports from Italy, accounting for a 20% share of total exports. Moreover, hot-rolled steel bar and rod exports to Germany exceeded the volume sent to the second major destination, France (26K tons), twofold. The third position in this ranking was held by the Czech Republic (24K tons), with an 8.3% share.

From April 2022 to April 2023, the average monthly growth rate of volume to Germany totaled -1.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (-0.3% per month) and the Czech Republic (+0.1% per month).

In value terms, Germany ($63M) remains the key foreign market for hot-rolled steel bar and rod exports from Italy, comprising 21% of total exports. The second position in the ranking was held by France ($28M), with a 9.1% share of total exports. It was followed by the Czech Republic, with a 7.2% share.

From April 2022 to April 2023, the average monthly growth rate of value to Germany totaled -3.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (-2.3% per month) and the Czech Republic (-3.2% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
  • Prodcom 24106120 - Wire rod of free-cutting steel
  • Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
  • Prodcom 24106140 - Wire rod for tyre cord
  • Prodcom 24106190 - Other wire rod (of non-alloy steel)
  • Prodcom 24106210 - Hot-rolled concrete reinforcing bars
  • Prodcom 24106230 - Hot-rolled bars in free-cutting steels
  • Prodcom 24106250 - Forged bars of steel and hot-rolled bars (excluding hollow drill bars and rods) of non-alloy steel (of other than of free-cutting steel)
  • Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
  • Prodcom 24106410 - Hot-rolled round bars, of stainless steel
  • Prodcom 24106430 - Bars and rods of stainless steel, only hot-rolled, only hotdrawn or only extruded (excluding of circular cross-section)
  • Prodcom 24106510 - Bars and rods of high-speed steel, hot-rolled, in irregularly wound coils
  • Prodcom 24106530 - Bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils
  • Prodcom 24106550 - Hot-rolled wire rod, of bearing steel
  • Prodcom 24106570 - Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils (excluding products of bearing steel, h igh-speed steel or silico-manganese steel)
  • Prodcom 24106630 - Hot-rolled bars in bearing steels
  • Prodcom 24106640 - Hot-rolled bars in tool steels
  • Prodcom 24106650 - Hot-rolled bars (excluding hollow drill bars and rods) of alloy steel (other than of stainless, tool, silico-manganese, bearing and high speed steel)

Country coverage:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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