Greece: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in Greece

The Greek hot-rolled free-cutting steel market rose remarkably to $X in 2021, growing by 10% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Hot-rolled free-cutting steel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Production in Greece

In value terms, hot-rolled free-cutting steel production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16% against the previous year. Hot-rolled free-cutting steel production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from Greece

In 2020, shipments abroad of hot-rolled bars in free-cutting steels decreased by -99.2% to X kg for the first time since 2017, thus ending a two-year rising trend. Overall, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2019 when exports increased by 115%. As a result, the exports reached the peak of X tons, and then reduced remarkably in the following year.

In value terms, hot-rolled free-cutting steel exports contracted notably to $X in 2020. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 385% against the previous year. The exports peaked at $X in 2019, and then contracted dramatically in the following year.

Exports by Country

Germany (X kg) was the main destination for hot-rolled free-cutting steel exports from Greece, accounting for a 76% share of total exports. Moreover, hot-rolled free-cutting steel exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold.

From 2012 to 2020, the average annual growth rate of volume to Germany was relatively modest.

In value terms, Germany ($X) emerged as the key foreign market for hot-rolled bars in free-cutting steels exports from Greece, comprising 71% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 29% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

In 2020, the average hot-rolled free-cutting steel export price amounted to $X per ton, growing by 13% against the previous year. Overall, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 231%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2020, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+26.5%).

Hot-Rolled Free-Cutting Steel Imports

Imports into Greece

In 2021, supplies from abroad of hot-rolled bars in free-cutting steels was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 4,128%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 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 showed a strong increase. The growth pace was the most rapid in 2015 with an increase of 3,442%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons) and Belgium (X tons) were the main suppliers of hot-rolled free-cutting steel imports to Greece.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +51.4%).

In value terms, Italy ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to Greece, comprising 71% of total imports. The second position in the ranking was taken by Belgium ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +49.1%.

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per ton in 2021, waning by -11.2% against the previous year. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 63%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-1.6%).

Source: IndexBox Platform

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