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In 2019, Hot-Rolled Steel Bar and Rod exports reached 1.2M tons, but remained lower from 2020 to 2023. In 2023, the exports soared to $260M in value.
During the review period, exports of Hot-Rolled Steel Bar and Rod peaked at 9.3M tons in 2013. However, from 2014 to 2023, exports struggled to regain momentum, with a significant decrease in value to $3B in 2023.
The exports of Hot-Rolled Steel Bar and Rod peaked at 43M tons in 2015. From 2016 to 2023, the exports remained at a lower figure. In value terms, Hot-Rolled Steel Bar and Rod exports expanded modestly to $7.1B in 2023.
From 2022 to 2023, the growth of Hot-Rolled Steel Bar and Rod exports remained stagnant, with a sharp decline in value to $680M in 2023.
From 2015 to 2023, the Hot-Rolled Steel Bar and Rod imports did not see a significant growth, with a remarkable contraction to $774M in 2023.
Exports of Hot-Rolled Steel Bar and Rod reached a peak of 4.1M tons in 2021, but saw a slight decrease from 2022 to 2023. In terms of value, exports sharply declined to $3.4B in 2023.
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
In January 2023, the Hot-Rolled Steel Bar and Rod industry witnessed its highest rate of growth, with a remarkable increase of 70% compared to the previous month. In terms of value, imports of Hot-Rolled Steel Bar and Rod reached a significant $88 million in September 2023.
During the period from September 2022 to July 2023, the growth of exports showed no signs of recovering momentum. In terms of value, the exports of Hot-Rolled Steel Bar and Rod experienced a modest expansion, reaching $270M in July 2023.
The price of Hot-Rolled Steel Bar and Rod in July 2023 was $995 per ton (CIF, US), experiencing a 6.7% increase compared to the previous month.
The price of Hot-Rolled Steel Bar and Rod reached $1,051 per ton (FOB, Italy) in April 2023, showing a month-on-month increase of 8.9%.
In November of 2022, the price of hot-rolled steel bars and rods was $1,941 per ton, FOB India, down 5.5% from the previous month.
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