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

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the United States (FOB) - 2024
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the United States (CIF) - 2022
3. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the United States
4. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the United States

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the United States (FOB) - 2024

In September 2023, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $2,493 per ton, rising by 9.7% against the previous month. Over the period from February 2023 to September 2023, it increased at an average monthly rate of +1.4%. The export price peaked at $2,683 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($11,376 per ton), while the average price for exports to Canada ($2,217 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $4,053 per ton in 2022, increasing by 41% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alloy steel flat-rolled products, of a width of less than 600mms increased by +103.0% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Sweden ($8,320 per ton), while the price for Belgium ($2,046 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of alloy steel flat-rolled products, of a width of less than 600mms from the United States surged to 164K tons in 2022, increasing by 27% on the year before. The total export volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms soared to $378M in 2022. Over the period under review, exports showed a prominent increase. As a result, the exports attained 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 the United States in 2022:

1. Canada (100.3K tons)
2. Mexico (54.7K tons)
3. Malaysia (2.9K tons)
4. India (1.7K tons)

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

Imports of alloy steel flat-rolled products, of a width of less than 600mms into the United States reduced to 69K tons in 2022, declining by -11.2% against the previous year. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 42%.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms surged to $280M in 2022. In general, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. Over the period under review, imports of attained the maximum in 2022 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 the United States in 2022:

1. Germany (25.3K tons)
2. Canada (15.0K tons)
3. Japan (12.5K tons)
4. Austria (7.8K tons)
5. United Kingdom (1.6K tons)
6. Mexico (1.1K tons)
7. Belgium (1.0K tons)
8. Sweden (0.8K tons)

Source: IndexBox Market Intelligence Platform