Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Australia - 2024

Contents:

1. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Australia (FOB) - 2022
2. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Australia (CIF) - 2022
3. Exports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Australia
4. Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Australia

Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Australia (FOB) - 2022

The average export price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $4,944 per ton in 2022, jumping by 93% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 100%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.9% per year.

Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Australia (CIF) - 2022

In 2022, the average import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds amounted to $1,599 per ton, reducing by -8.9% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2013 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the peak figure at $1,755 per ton in 2021, and then fell 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 Germany ($2,511 per ton), while the price for China ($876 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Australia

In 2022, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds from Australia surged to 613 tons, rising by 20% on the previous year's figure. The total export volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 36%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds surged to $3M in 2022. Over the period under review, exports recorded a significant expansion. 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, Width 600mm or More, Cold-Rolled from Australia in 2022:

1. India (613.0 tons)

Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Australia

In 2022, purchases abroad of alloy steel, flat-rolled, width 600mm or more, cold-rolleds decreased by -6.4% to 244 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports reached the peak of 260 tons, and then shrank in the following year.

In value terms, imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds declined to $390K in 2022. Over the period under review, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 112% against the previous year. As a result, imports attained the peak of $457K, and then fell in the following year.

Top Suppliers of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled to Australia in 2022:

1. China (138.6 tons)
2. Germany (82.7 tons)
3. Sweden (20.0 tons)
4. United States (2.4 tons)

Source: IndexBox Market Intelligence Platform