Ferro-Alloys; Ferro-Silico-Chromium Price in the United States - 2023
Contents:
- Ferro-Alloys; Ferro-Silico-Chromium Price in the United States (CIF) - 2023
- Ferro-Alloys; Ferro-Silico-Chromium Price in the United States (FOB) - 2022
- Ferro-Alloys; Ferro-Silico-Chromium Imports in the United States
- Ferro-Alloys; Ferro-Silico-Chromium Exports in the United States
Ferro-Alloys; Ferro-Silico-Chromium Price in the United States (CIF) - 2023
In September 2023, the average ferro-alloys; ferro-silico-chromium import price amounted to $1,666 per ton, growing by 30% against the previous month. Overall, the import price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 58% m-o-m. As a result, import price reached the peak level of $4,037 per ton. From December 2022 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.
From September 2022 to September 2023, the rate of growth in terms of prices for Kazakhstan amounted to -1.9% per month.
Ferro-Alloys; Ferro-Silico-Chromium Price in the United States (FOB) - 2022
In 2022, the average ferro-alloys; ferro-silico-chromium export price amounted to $3,386 per ton, growing by 168% against the previous year. Overall, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 170%. The export price peaked at $4,195 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +7.2% per year.
Ferro-Alloys; Ferro-Silico-Chromium Imports in the United States
In 2022, approx. 24K tons of ferro-alloys; ferro-silico-chromia were imported into the United States; jumping by 107% compared with the previous year. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 109% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, ferro-alloys; ferro-silico-chromium imports surged to $55M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Silico-Chromium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 27.3 | 20.5 | 24.2 | 55.4 | 26.6% |
| Others | 0.2 | 0.4 | 0.1 | N/A | -29.3% |
| Total | 27.6 | 20.9 | 24.2 | 55.4 | 26.1% |
Top Suppliers of Ferro-Alloys; Ferro-Silico-Chromium to the United States in 2022:
- Kazakhstan (24.0K tons)
Ferro-Alloys; Ferro-Silico-Chromium Exports in the United States
In 2022, approx. 267 tons of ferro-alloys; ferro-silico-chromia were exported from the United States; shrinking by -58.8% on 2021 figures. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 493% against the previous year.
In value terms, ferro-alloys; ferro-silico-chromium exports stood at $904K in 2022. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 151%.
| Export of Ferro-Alloys; Ferro-Silico-Chromium in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,246 | 326 | 413 | 904 | -10.1% |
| Mexico | 61.6 | N/A | 396 | N/A | 153.5% |
| Others | 4.4 | N/A | 10.3 | N/A | 53.0% |
| Total | 1,312 | 326 | 819 | 904 | -11.7% |
Top Export Markets for Ferro-Alloys; Ferro-Silico-Chromium from the United States in 2022:
- Canada (267.0 tons)
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From 2015 to 2023, the growth of Ferro-Alloys imports remained at a lower figure. In value terms, Ferro-Alloys imports reduced markedly to $2.9B in 2023.
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From January 2023 to November 2023, the import growth of Ferro-Alloys remained at a slightly lower figure. In terms of value, Ferro-Alloys imports witnessed a significant decline, reaching $171M in November 2023.
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In May 2022, the ferro-silicon price per ton amounted to $2,570 (CIF, US), falling by -31% against the previous month.
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In 2021, the average import price for ferro-silicon in the U.S. totaled $2,284 per ton, increasing by 85% compared to the figure of 2020.
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Imports of Ferro Manganese sharply declined to $24M in May 2023 in terms of value.
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China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
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The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
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Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
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