Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Canada - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Canada (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Canada (FOB) - 2024
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Canada
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Canada

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Canada (CIF) - 2022

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,928 per ton in 2022, with an increase of 53% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alloy steel flat-rolled products, of a width 600mm or mores increased by +53.2% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,727 per ton), while the price for the UK ($1,422 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Canada (FOB) - 2024

In January 2024, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,218 per ton, with an increase of 7.8% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 9.4% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,300 per ton in October 2023; however, from November 2023 to January 2024, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In January 2024, the country with the highest price was Mexico ($1,247 per ton), while the average price for exports to the United States amounted to $1,215 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.3%).

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Canada

In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores imported into Canada dropped to 688K tons, falling by -8.4% against 2021 figures. Over the period under review, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 54%. As a result, imports reached the peak of 752K tons, and then declined in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores surged to $1.3B in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 57%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Canada in 2022:

1. United States (403.5K tons)
2. Germany (77.7K tons)
3. Japan (43.2K tons)
4. Sweden (33.2K tons)
5. South Korea (29.8K tons)
6. France (24.0K tons)
7. China (22.8K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Canada

For the fourth consecutive year, Canada recorded growth in overseas shipments of alloy steel flat-rolled products, of a width 600mm or mores, which increased by 1.5% to 645K tons in 2022. The total export volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores amounted to $877M in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 79%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Canada in 2022:

1. United States (614.2K tons)
2. Mexico (25.4K tons)

Source: IndexBox Market Intelligence Platform