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

Contents:

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

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

In May 2024, the average import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds amounted to $975 per ton, approximately reflecting the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 6.4% m-o-m. As a result, import price attained the peak level of $1,063 per ton. From December 2023 to May 2024, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In May 2024, the highest price was recorded for prices from Japan ($1,105 per ton) and Taiwan (Chinese) ($997 per ton), while the price for China ($876 per ton) and South Korea ($915 per ton) were amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Japan (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds amounted to $698 per ton, which is down by -39% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 142%. The export price peaked at $1,466 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($1,458 per ton), while the average price for exports to Bangladesh ($474 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 the United States (+19.3%), 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 Thailand

In 2022, the amount of alloy steel, flat-rolled, width 600mm or more, cold-rolleds imported into Thailand dropped notably to 218K tons, with a decrease of -19.5% on 2021 figures. In general, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +3.2% 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 +41.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of 271K tons, and then declined significantly in the following year.

In value terms, imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds dropped modestly to $241M in 2022. Over the period under review, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 101%. As a result, imports reached the peak of $251M, and then fell modestly in the following year.

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

1. Japan (137.5K tons)
2. South Korea (33.4K tons)
3. China (32.8K tons)
4. Vietnam (8.3K tons)
5. Taiwan (Chinese) (5.2K tons)

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

In 2022, approx. 933 tons of alloy steel, flat-rolled, width 600mm or more, cold-rolleds were exported from Thailand; falling by -95% against the previous year. In general, exports faced a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 2,280%. As a result, the exports attained the peak of 19K tons, and then reduced markedly in the following year.

In value terms, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds fell remarkably to $651K in 2022. Over the period under review, exports recorded a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 5,652% against the previous year. As a result, the exports attained the peak of $21M, and then fell remarkably in the following year.

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

1. Bangladesh (513.3 tons)
2. Vietnam (353.3 tons)
3. Lao People's Democratic Republic (27.2 tons)
4. Malaysia (17.7 tons)

Source: IndexBox Market Intelligence Platform