Denmark: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in Denmark

The Danish hot-rolled free-cutting steel market soared to $X in 2021, picking up by 1,885% against the previous year. Over the period under review, consumption, however, continues to indicate a precipitous slump. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Hot-Rolled Free-Cutting Steel Production in Denmark

In value terms, hot-rolled free-cutting steel production reduced dramatically to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 48% against the previous year. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Hot-Rolled Free-Cutting Steel Exports

Exports from Denmark

For the third consecutive year, Denmark recorded decline in shipments abroad of hot-rolled bars in free-cutting steels, which decreased by -34.7% to X tons in 2021. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 649%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled free-cutting steel exports rose significantly to $X in 2021. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 707%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Iceland (X tons) was the main destination for hot-rolled free-cutting steel exports from Denmark, with a 74% share of total exports. Moreover, hot-rolled free-cutting steel exports to Iceland exceeded the volume sent to the second major destination, Norway (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iceland amounted to +28.8%.

In value terms, Iceland ($X) emerged as the key foreign market for hot-rolled bars in free-cutting steels exports from Denmark, comprising 68% of total exports. The second position in the ranking was taken by Norway ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Iceland stood at +45.1%.

Export Prices by Country

The average hot-rolled free-cutting steel export price stood at $X per ton in 2021, picking up by 66% against the previous year. In general, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 192% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Iceland ($X per ton), while the average price for exports to Norway totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Free-Cutting Steel Imports

Imports into Denmark

In 2021, approx. X tons of hot-rolled bars in free-cutting steels were imported into Denmark; jumping by 204% against the previous year's figure. In general, imports, however, continue to indicate a precipitous decrease. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel imports surged to $X in 2021. Overall, imports, however, recorded a sharp decrease. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) was the main supplier of hot-rolled free-cutting steel to Denmark, with a 99% share of total imports. It was followed by France (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +48.2%.

In value terms, Italy ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to Denmark, comprising 82% of total imports. The second position in the ranking was taken by France ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +60.1%.

Import Prices by Country

In 2021, the average hot-rolled free-cutting steel import price amounted to $X per ton, jumping by 107% against the previous year. Overall, the import price showed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+43.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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