Czech Republic: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in the Czech Republic

The Czech hot-rolled free-cutting steel market skyrocketed to $X in 2021, picking up by 383% against the previous year. Overall, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Production in the Czech Republic

In value terms, hot-rolled free-cutting steel production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep contraction. The growth pace was the most rapid in 2014 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Hot-Rolled Free-Cutting Steel Exports

Exports from the Czech Republic

In 2021, exports of hot-rolled bars in free-cutting steels from the Czech Republic fell to X tons, approximately reflecting 2020. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled free-cutting steel exports surged to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for hot-rolled free-cutting steel exports from the Czech Republic, with a 58% share of total exports. Moreover, hot-rolled free-cutting steel exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+7.6% per year) and the UK (-7.0% per year).

In value terms, Germany ($X) remains the key foreign market for hot-rolled bars in free-cutting steels exports from the Czech Republic, comprising 55% of total exports. The second position in the ranking was held by Poland ($X), with a 19% share of total exports. It was followed by the UK, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+8.8% per year) and the UK (-5.5% per year).

Export Prices by Country

The average hot-rolled free-cutting steel export price stood at $X per ton in 2021, with an increase of 62% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Serbia ($X per ton) and the UK ($X per ton), while the average price for exports to Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Free-Cutting Steel Imports

Imports into the Czech Republic

In 2021, overseas purchases of hot-rolled bars in free-cutting steels were finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a slight decline. The pace of growth appeared the most rapid in 2018 when imports increased by 90% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, hot-rolled free-cutting steel imports skyrocketed to $X in 2021. Over the period under review, imports saw a mild increase. The most prominent rate of growth was recorded in 2018 when imports increased by 135%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest hot-rolled free-cutting steel supplier to the Czech Republic, accounting for a 78% share of total imports. Moreover, hot-rolled free-cutting steel imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), eightfold. The third position in this ranking was taken by France (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.5% per year) and France (-7.5% per year).

In value terms, Germany ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to the Czech Republic, comprising 80% of total imports. The second position in the ranking was taken by Poland ($X), with an 8.4% share of total imports. It was followed by France, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.7% per year) and France (-5.9% per year).

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per ton in 2021, surging by 51% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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