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

Contents:

1. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hungary (CIF) - 2024
2. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hungary (FOB) - 2022
3. Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hungary
4. Exports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hungary

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

The average import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $1,288 per ton in January 2024, dropping by -31.7% against the previous month. In general, the import price saw a abrupt curtailment. The growth pace was the most rapid in June 2023 an increase of 35% m-o-m. The import price peaked at $2,626 per ton in March 2023; however, from April 2023 to January 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($1,868 per ton), while the price for Austria ($1,051 per ton) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Austria (+0.8%), while the prices for the other major suppliers experienced a decline.

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

The average export price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $1,832 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of 80% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($2,535 per ton), while the average price for exports to Germany ($888 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 Poland (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of alloy steel, flat-rolled, width 600mm or more, cold-rolleds decreased by -8.8% to 3.7K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +56.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 37%. As a result, imports reached the peak of 4K tons, and then contracted in the following year.

In value terms, imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds totaled $7.2M in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Poland (1545.1 tons)
2. Germany (941.6 tons)
3. Austria (632.5 tons)
4. Belgium (232.9 tons)
5. Sweden (123.8 tons)
6. Romania (70.2 tons)
7. Slovakia (32.4 tons)

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

In 2022, overseas shipments of alloy steel, flat-rolled, width 600mm or more, cold-rolleds decreased by -2% to 101 tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 87% against the previous year. As a result, the exports reached the peak of 157 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds reduced slightly to $185K in 2022. The total export value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. As a result, the exports attained the peak of $187K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Austria (25.3 tons)
2. Germany (22.3 tons)
3. Romania (13.2 tons)
4. Czech Republic (12.1 tons)
5. Slovakia (9.5 tons)
6. Poland (8.0 tons)
7. Bulgaria (6.8 tons)
8. Serbia (2.1 tons)

Source: IndexBox Market Intelligence Platform