China - Crude Steel And Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRaw Steel And Steel Semi-Finished Products Prices in China
China Raw Steel And Steel Semi-Finished Products Import Price in September 2022
In September 2022, the raw steel and steel semi-finished products price stood at $826 per ton (CIF, China), falling by -23.5% against the previous month. Over the period under review, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 29% month-to-month. Over the period under review, average import prices hit record highs at $1,439 per ton in June 2022; however, from July 2022 to September 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Brazil ($6,801 per ton), while the price for Oman ($494 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Brazil (+32.7%), while the prices for the other major suppliers experienced mixed trend patterns.
China Raw Steel And Steel Semi-Finished Products Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was iron and non-alloy steel in ingots ($12.3 per kg), while the price for iron or non-alloy steel; semi-finished products thereof ($524 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by alloy steel in ingots or other primary forms, semi-finished products of other alloy steel (+8.3%), while the prices for the other products experienced mixed trend patterns.
China Raw Steel And Steel Semi-Finished Products Imports
In September 2022, approximately 675K tons of raw steel and steel semi-finished products were imported into China; picking up by 56% against August 2022 figures. Overall, imports, however, showed a abrupt downturn. Imports peaked at 1M tons in January 2022; however, from February 2022 to September 2022, imports stood at a somewhat lower figure.
In value terms, imports of raw steel and steel semi-finished products soared to $558M (IndexBox estimates) in September 2022. In general, imports, however, recorded a abrupt setback. The pace of growth was the most pronounced in June 2022 with an increase of 33% m-o-m. Over the period under review, imports of hit record highs at 1M tons in January 2022; however, from February 2022 to September 2022, imports remained at a lower figure.
China Raw Steel And Steel Semi-Finished Products Imports by Type
In September 2022, iron or non-alloy steel; semi-finished products thereof (561K tons) constituted the largest type of raw steel and steel semi-finished products supplied to China, with a 83% share of total imports. Moreover, iron or non-alloy steel; semi-finished products thereof exceeded the figures recorded for the second-largest type, stainless steel in ingots or other primary forms; semi-finished products of stainless steel (111K tons), fivefold. The third position in this ranking was held by alloy steel in ingots or other primary forms, semi-finished products of other alloy steel (2.9K tons), with a 0.4% share.
From January 2022 to September 2022, the average monthly growth rate of the volume of import of iron or non-alloy steel; semi-finished products thereof stood at -4.4%. With regard to the other supplied products, the following average monthly rates of growth were recorded: stainless steel in ingots or other primary forms; semi-finished products of stainless steel (-7.3% per month) and alloy steel in ingots or other primary forms, semi-finished products of other alloy steel (-12.5% per month).
In value terms, the most traded types of raw steel and steel semi-finished products in China were iron or non-alloy steel; semi-finished products thereof ($294M), stainless steel in ingots or other primary forms; semi-finished products of stainless steel ($250M) and alloy steel in ingots or other primary forms, semi-finished products of other alloy steel ($13M), together comprising 99.9% of total imports. These products were followed by iron and non-alloy steel in ingots, which accounted for a further less than 0.1%.
China Raw Steel And Steel Semi-Finished Products Imports by Country
In September 2022, Russia (464K tons) constituted the largest supplier of raw steel and steel semi-finished products to China, accounting for a 69% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Russia exceeded the figures recorded by the second-largest supplier, Indonesia (108K tons), fourfold. Oman (44K tons) ranked third in terms of total imports with a 6.5% share.
From January 2022 to September 2022, the average monthly growth rate of volume from Russia totaled +17.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (-10.0% per month) and Oman (-11.4% per month).
In value terms, the largest raw steel and steel semi-finished products suppliers to China were Russia ($245M), Indonesia ($238M) and Oman ($22M), with a combined 91% share of total imports.
Russia, with a CAGR of +13.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in China. 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 24102110 - Flat semi-finished products (of non-alloy steel)
- Prodcom 24102121 - Ingots, other primary forms and long semi-finished products for seamless tubes (of non-alloy steel)
- Prodcom 24102122 - Other ingots, primary forms and long semi-finished products including blanks (of non-alloy steel)
- Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
- Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
- Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
- Prodcom 24102310 - Flat semi-finished products (of alloy steel other than of stainless steel)
- Prodcom 24102321 - Ingots, other primary forms and long semi-finished products for seamless tubes (of alloy steel other than of stainless steel)
- Prodcom 24102322 - Other ingots, primary forms and long semi-finished products (of alloy steel other than of stainless steel)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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