Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in South Korea - 2022

Contents:

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

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

The average export price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $982 per ton in December 2022, rising by 8% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $1,067 per ton in June 2022; however, from July 2022 to December 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,625 per ton), while the average price for exports to China ($804 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $3,048 per ton in December 2022, increasing by 37% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2022 when the average import price increased by 112% month-to-month. As a result, import price reached the peak level of $6,897 per ton. From June 2022 to December 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($4,213 per ton), while the price for Sweden ($1,333 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds from South Korea reduced modestly to 546K tons, waning by -2% compared with the year before. In general, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 8.1%.

In value terms, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds soared to $538M in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 South Korea in 2022:

1. China (137.0K tons)
2. India (118.7K tons)
3. Indonesia (75.7K tons)
4. Mexico (56.2K tons)
5. Thailand (33.4K tons)
6. Turkey (31.1K tons)
7. Brazil (24.9K tons)
8. United States (13.6K tons)
9. Slovenia (13.5K tons)
10. Russia (2.7K tons)
11. Japan (1.6K tons)

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

Imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds into South Korea fell to 47K tons in 2022, waning by -10.7% on the year before. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 27%.

In value terms, imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds amounted to $107M in 2022. In general, imports continue to indicate a mild decline. The growth pace was the most rapid in 2021 when imports increased by 9.6% against the previous year.

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

1. Japan (44.1K tons)
2. China (2.4K tons)
3. Sweden (0.4K tons)

Source: IndexBox Market Intelligence Platform