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

Contents:

1. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Canada (FOB) - 2024
2. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Canada (CIF) - 2024
3. Exports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Canada
4. Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Canada

Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Canada (FOB) - 2024

The average export price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $1,282 per ton in March 2024, with a decrease of -3.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in February 2024 when the average export price increased by 21% m-o-m. As a result, the export price attained the peak level of $1,326 per ton, and then reduced slightly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,285 per ton), while the average price for exports to Mexico totaled $593 per ton.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.8%).

Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Canada (CIF) - 2024

The average import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $1,340 per ton in March 2024, with a decrease of -28.8% against the previous month. Over the period under review, the import price saw a mild decrease. The pace of growth was the most pronounced in September 2023 an increase of 91% against the previous month. As a result, import price reached the peak level of $2,285 per ton. From October 2023 to March 2024, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,034 per ton), while the price for the UK ($912 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the prices for the other major suppliers experienced a decline.

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

After three years of growth, shipments abroad of alloy steel, flat-rolled, width 600mm or more, cold-rolleds decreased by -15.5% to 33K tons in 2022. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 23%.

In value terms, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds totaled $53M in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 79%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled from Canada in 2022:

1. United States (32.7K tons)

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

Imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds into Canada stood at 25K tons in 2022, picking up by 12% on the previous year. Over the period under review, imports, however, saw a abrupt shrinkage.

In value terms, imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds skyrocketed to $39M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (13.0K tons)
2. Sweden (6.8K tons)
3. United Kingdom (4.4K tons)
4. Japan (0.6K tons)

Source: IndexBox Market Intelligence Platform