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

Contents:

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

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

In January 2024, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,061 per ton, increasing by 23% against the previous month. In general, the import price, however, continues to indicate a noticeable reduction. The import price peaked at $1,403 per ton in January 2023; however, from February 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 France ($1,563 per ton), while the price for China ($599 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Sweden (+0.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,823 per ton in 2022, increasing by 15% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 38%. Over the period under review, the average export prices hit record highs at $1,925 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($3,267 per ton), while the average price for exports to India ($437 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 Saudi Arabia (+32.8%), 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 South Africa

Imports of alloy steel flat-rolled products, of a width 600mm or mores into South Africa declined notably to 343K tons in 2022, with a decrease of -25.3% compared with the previous year's figure. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 110% against the previous year. As a result, imports attained the peak of 460K tons, and then declined dramatically in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores rose sharply to $388M in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

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

1. China (153.2K tons)
2. Germany (71.9K tons)
3. Sweden (30.2K tons)
4. Belgium (27.4K tons)
5. India (14.2K tons)
6. Austria (13.7K tons)
7. Japan (6.8K tons)
8. Spain (1.8K tons)

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

Exports of alloy steel flat-rolled products, of a width 600mm or mores from South Africa skyrocketed to 5.7K tons in 2022, jumping by 23% against 2021 figures. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores soared to $10M in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Namibia (1816.2 tons)
2. Pakistan (1297.7 tons)
3. Democratic Republic of the Congo (549.8 tons)
4. Zimbabwe (527.0 tons)
5. Botswana (267.9 tons)
6. India (261.8 tons)
7. Zambia (220.5 tons)
8. Malawi (175.4 tons)
9. Mozambique (88.5 tons)

Source: IndexBox Market Intelligence Platform