U.S. - 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 the United States
U.S. Raw Steel And Steel Semi-Finished Products Import Price per Ton in August 2022
In August 2022, the raw steel and steel semi-finished products price per ton amounted to $1.0K (CIF, US), falling by -19.9% against the previous month. Over the period under review, import price indicated notable growth from January 2022 to August 2022: its price increased at an average monthly rate of +4.1% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, import price for raw steel and steel semi-finished products decreased by -19.9% against July 2022 indices. The growth pace was the most rapid in June 2022 an increase of 20% m-o-m. Over the period under review, average import prices hit record highs at $1.3K per ton in July 2022, and then contracted rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was Italy ($1.5K per ton), while the price for Canada ($820.0 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. 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 stainless steel in ingots or other primary forms; semi-finished products of stainless steel ($5.3K per ton), while the price for iron or non-alloy steel; semi-finished products thereof ($939.1 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by iron and non-alloy steel in ingots or other primary forms (excluding iron of heading no. 7203) (+13.3%), while the prices for the other products experienced more modest paces of growth.
U.S. Raw Steel And Steel Semi-Finished Products Imports
In August 2022, imports of raw steel and steel semi-finished products into the United States rose rapidly to 381K tons, surging by 11% against the previous month. Overall, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in June 2022 with an increase of 49% against the previous month.
In value terms, imports of raw steel and steel semi-finished products declined to $389M (IndexBox estimates) in August 2022. In general, imports, however, showed a noticeable contraction. The pace of growth was the most pronounced in June 2022 when imports increased by 79% against the previous month. As a result, imports reached the peak of $594M. From July 2022 to August 2022, the growth of imports of remained at a lower figure.
U.S. Raw Steel And Steel Semi-Finished Products Imports by Type
Iron or non-alloy steel; semi-finished products thereof (234K tons), alloy steel in ingots or other primary forms, semi-finished products of other alloy steel (142K tons) and stainless steel in ingots or other primary forms; semi-finished products of stainless steel (5.7K tons) were the main products of imports of raw steel and steel semi-finished products to the United States.
From January 2022 to August 2022, the biggest increases were in stainless steel in ingots or other primary forms; semi-finished products of stainless steel (with a CAGR of +6.3%), while purchases for the other products experienced a decline.
In value terms, iron or non-alloy steel; semi-finished products thereof ($219M), alloy steel in ingots or other primary forms, semi-finished products of other alloy steel ($140M) and stainless steel in ingots or other primary forms; semi-finished products of stainless steel ($30M) appeared to be the most imported types of raw steel and steel semi-finished products in the United States.
U.S. Raw Steel And Steel Semi-Finished Products Imports by Country
Mexico (145K tons), Brazil (129K tons) and Romania (62K tons) were the main suppliers of imports of raw steel and steel semi-finished products to the United States, with a combined 88% share of total imports. Canada and Italy lagged somewhat behind, together comprising a further 11%.
From January 2022 to August 2022, the biggest increases were in Italy (with a CAGR of +77.3%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest raw steel and steel semi-finished products suppliers to the United States were Mexico ($143M), Brazil ($126M) and Romania ($59M), with a combined 84% share of total imports. Canada and Italy lagged somewhat behind, together comprising a further 9.7%.
Italy, with a CAGR of +52.0%, 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 more modest paces of growth.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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