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

Contents:

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

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

In December 2023, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,292 per ton, remaining stable against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 12% m-o-m. As a result, import price reached the peak level of $1,520 per ton. From November 2023 to December 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($2,076 per ton), while the price for the Netherlands ($1,040 per ton) was amongst the lowest.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), 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 the United States (FOB) - 2024

In December 2023, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $2,023 per ton, declining by -2.5% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 4.3% against the previous month. Over the period under review, the average export prices reached the maximum at $2,214 per ton in October 2023; however, from November 2023 to December 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In December 2023, the country with the highest price was Australia ($1,892 per ton), while the average price for exports to Canada ($1,622 per ton) was amongst the lowest.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of alloy steel flat-rolled products, of a width 600mm or mores into the United States shrank to 1.4M tons, falling by -3.4% on the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 44%. As a result, imports attained the peak of 1.5M tons, and then fell slightly in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores soared to $2.1B in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 90%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Canada (642.8K tons)
2. Sweden (139.9K tons)
3. Netherlands (124.8K tons)
4. Germany (113.3K tons)
5. South Korea (93.5K tons)
6. Austria (85.2K tons)
7. United Kingdom (69.7K tons)

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

In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores exported from the United States dropped to 886K tons, approximately mirroring 2021 figures. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 35%.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores skyrocketed to $1.9B in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +91.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 50%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Mexico (499.3K tons)
2. Canada (317.0K tons)
3. Australia (14.0K tons)

Source: IndexBox Market Intelligence Platform