Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in India - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in India (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in India (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in India
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in India

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in India (CIF) - 2022

In 2022, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $1,823 per ton, with a decrease of -12.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2014 when the average import price increased by 27%. Over the period under review, average import prices attained the maximum at $2,080 per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($9,789 per ton), while the price for Russia ($1,079 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in India (FOB) - 2022

The average export price for alloy steel flat-rolled products, of a width of less than 600mms stood at $3,314 per ton in 2022, rising by 26% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 141%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($13,033 per ton), while the average price for exports to the United Arab Emirates ($834 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 Lebanon (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in India

In 2022, the amount of alloy steel flat-rolled products, of a width of less than 600mms imported into India surged to 111K tons, picking up by 102% compared with the previous year. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms skyrocketed to $202M in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. 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 of Less than 600mm to India in 2022:

1. China (71.3K tons)
2. Japan (15.1K tons)
3. South Korea (8.0K tons)
4. Singapore (4.1K tons)
5. Germany (4.0K tons)
6. United States (1.1K tons)
7. Belgium (0.9K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in India

In 2022, approx. 18K tons of alloy steel flat-rolled products, of a width of less than 600mms were exported from India; jumping by 78% compared with the previous year. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms soared to $59M in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from India in 2022:

1. United Arab Emirates (3.8K tons)
2. Australia (2.2K tons)
3. United States (2.2K tons)
4. Italy (1.9K tons)
5. Turkey (1.7K tons)
6. Mexico (0.8K tons)
7. Kuwait (0.8K tons)
8. France (0.6K tons)
9. Lebanon (0.4K tons)
10. Israel (0.3K tons)
11. Syrian Arab Republic (0.3K tons)
12. Thailand (0.3K tons)
13. Sri Lanka (0.2K tons)

Source: IndexBox Market Intelligence Platform