Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil - 2024
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil (CIF) - 2024
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil (CIF) - 2024
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $4,660 per ton in September 2023, falling by -23.3% against the previous month. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 21% against the previous month. Over the period under review, average import prices attained the maximum at $6,153 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($9,177 per ton), while the price for Turkey ($2,121 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,073 per ton, which is down by -3.7% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel; flat-rolled products of width less than 600mms increased by +97.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 105%. As a result, the export price reached the peak level of $3,192 per ton, and then shrank slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($7,156 per ton), while the average price for exports to India ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil
In 2022, after three years of growth, there was significant decline in supplies from abroad of stainless steel; flat-rolled products of width less than 600mms, when their volume decreased by -16.3% to 16K tons. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports reached the peak of 19K tons, and then reduced remarkably in the following year.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms expanded to $84M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 6.9 | 8.1 | 25.9 | 32.0 | 66.8% |
| India | 1.5 | 1.2 | 3.4 | 7.5 | 71.0% |
| Japan | 7.1 | 8.2 | 5.8 | 7.5 | 1.8% |
| China | 3.5 | 2.5 | 5.8 | 6.9 | 25.4% |
| United States | 7.6 | 17.7 | 21.0 | 6.2 | -6.6% |
| Italy | 3.5 | 2.4 | 4.5 | 4.6 | 9.5% |
| France | 1.7 | 2.6 | 2.4 | 3.8 | 30.8% |
| Turkey | 0.5 | 1.5 | 2.3 | 3.6 | 93.1% |
| Spain | 1.8 | 1.9 | 3.3 | 2.2 | 6.9% |
| Others | 7.0 | 4.9 | 7.9 | 9.5 | 10.7% |
| Total | 41.1 | 51.0 | 82.2 | 83.7 | 26.8% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Brazil in 2022:
- Sweden (5.1K tons)
- Japan (1.4K tons)
- India (1.3K tons)
- China (1.3K tons)
- Turkey (1.2K tons)
- Italy (1.1K tons)
- France (1.1K tons)
- United States (0.8K tons)
- Spain (0.7K tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil
In 2022, after two years of decline, there was significant growth in shipments abroad of stainless steel; flat-rolled products of width less than 600mms, when their volume increased by 110% to 1.7K tons. Overall, exports, however, continue to indicate a deep downturn.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $5.1M in 2022. In general, exports posted slight growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 116 | 156 | 150 | 1,268 | 121.9% |
| United Kingdom | 725 | 267 | 1.8 | 637 | -4.2% |
| Turkey | 44.8 | 123 | 112 | 602 | 137.7% |
| Bolivia | 111 | 161 | 190 | 576 | 73.1% |
| Argentina | 312 | 197 | 512 | 500 | 17.0% |
| Paraguay | 217 | 162 | 185 | 385 | 21.1% |
| Italy | 0.2 | N/A | 3.3 | 229 | 946.2% |
| Colombia | 843 | 743 | 454 | 130 | -46.4% |
| Uruguay | 1,320 | 269 | 111 | 38.7 | -69.2% |
| Vietnam | 158 | 174 | N/A | N/A | 10.1% |
| Others | 1,045 | 403 | 793 | 711 | -12.0% |
| Total | 4,892 | 2,656 | 2,513 | 5,077 | 1.2% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Brazil in 2022:
- Turkey (456.0 tons)
- Belgium (419.3 tons)
- United Kingdom (171.3 tons)
- Bolivia (160.2 tons)
- Argentina (137.5 tons)
- Italy (110.6 tons)
- Paraguay (53.8 tons)
- Colombia (32.7 tons)
- Uruguay (12.0 tons)
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