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

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Mexico (CIF) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Mexico (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Mexico
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Mexico

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Mexico (CIF) - 2023

In July 2023, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $42,629 per ton, declining by -16.4% against the previous month. Overall, the import price, however, continues to indicate significant growth. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 376% m-o-m. The import price peaked at $51,007 per ton in June 2023, and then declined sharply in the following month.

As there is only one major supplying country, the average price level is determined by prices for China.

From September 2022 to July 2023, the rate of growth in terms of prices for China amounted to +11.1% per month.

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

In 2022, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $8,959 per ton, almost unchanged from the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,461 per ton in 2017; however, from 2018 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 the United States ($15,455 per ton), while the average price for exports to South Korea ($1,727 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 Canada (+24.0%), 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 Mexico

In 2022, approx. 56K tons of alloy steel flat-rolled products, of a width of less than 600mms were imported into Mexico; jumping by 74% on the previous year's figure. Over the period under review, imports showed a significant increase. As a result, imports reached 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 $173M in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Mexico in 2022:

1. United States (34.1K tons)
2. Germany (12.5K tons)
3. China (3.4K tons)
4. Japan (2.1K tons)
5. India (1.6K tons)
6. Spain (0.7K tons)
7. South Korea (0.3K tons)

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

In 2022, shipments abroad of alloy steel flat-rolled products, of a width of less than 600mms decreased by -7.8% to 1.3K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 8.8% against the previous year. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms shrank to $11M in 2022. In general, exports recorded a mild curtailment. The growth pace was the most rapid in 2020 when exports increased by 7.6% against the previous year. As a result, the exports attained the peak of $13M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. United States (602.9 tons)
2. South Korea (570.7 tons)
3. China (42.3 tons)
4. Canada (38.8 tons)

Source: IndexBox Market Intelligence Platform