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

Contents:

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

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

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,562 per ton in January 2024, falling by -2.5% against the previous month. Over the period under review, the import price showed a mild slump. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 21% month-to-month. Over the period under review, average import prices hit record highs at $1,900 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($1,773 per ton), while the price for Slovakia ($910 per ton) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $2,728 per ton, growing by 38% against the previous year. Over the period under review, the export price recorded pronounced growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 115%. Over the period under review, the average export prices reached the maximum at $3,392 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($20,356 per ton), while the average price for exports to Sweden ($1,661 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 Poland (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of alloy steel flat-rolled products, of a width 600mm or mores into Norway reduced dramatically to 28K tons, waning by -32% against 2021 figures. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, imports reached the peak of 41K tons, and then shrank sharply in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores fell to $49M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +56.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, imports attained the peak of $55M, and then declined in the following year.

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

1. Finland (8.7K tons)
2. Sweden (6.5K tons)
3. United Kingdom (6.1K tons)
4. Germany (5.4K tons)
5. Netherlands (0.5K tons)

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

In 2022, approx. 489 tons of alloy steel flat-rolled products, of a width 600mm or mores were exported from Norway; falling by -23.3% against the previous year. Overall, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 78%.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores expanded notably to $1.3M in 2022. Over the period under review, exports saw a abrupt downturn.

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

1. Sweden (166.7 tons)
2. Indonesia (100.3 tons)
3. Lithuania (99.9 tons)
4. Czech Republic (57.1 tons)
5. Estonia (43.7 tons)
6. Singapore (10.9 tons)
7. Poland (1.3 tons)

Source: IndexBox Market Intelligence Platform