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

Contents:

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

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

In December 2023, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,185 per ton, remaining stable against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 27% m-o-m. As a result, the export price reached the peak level of $1,636 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the United States ($2,390 per ton), while the average price for exports to Poland ($588 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In December 2023, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,489 per ton, surging by 1.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 220% against the previous month. As a result, import price reached the peak level of $4,846 per ton. From June 2023 to December 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Finland ($1,751 per ton), while the price for the Netherlands ($1,064 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of alloy steel flat-rolled products, of a width 600mm or mores from the UK expanded to 558K tons in 2022, increasing by 2.9% compared with the previous year's figure. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores soared to $720M in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 162% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Netherlands (143.9K tons)
2. Belgium (77.3K tons)
3. Spain (71.7K tons)
4. France (56.2K tons)
5. Turkey (47.7K tons)
6. Sweden (45.5K tons)
7. Ireland (22.6K tons)
8. United States (17.7K tons)
9. Germany (16.1K tons)
10. Italy (10.4K tons)
11. Poland (10.3K tons)
12. Austria (8.5K tons)

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

In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores imported into the UK shrank dramatically to 293K tons, reducing by -26.9% compared with the previous year's figure. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 39%.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores declined to $415M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 57%. As a result, imports reached the peak of $454M, and then dropped in the following year.

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

1. Belgium (74.1K tons)
2. France (52.1K tons)
3. Germany (47.0K tons)
4. Sweden (35.6K tons)
5. Austria (28.6K tons)
6. Netherlands (28.0K tons)
7. Finland (18.9K tons)

Source: IndexBox Market Intelligence Platform