Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Australia - 2024

Contents:

1. Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Australia (CIF) - 2024
2. Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Australia (FOB) - 2022
3. Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Australia
4. Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Australia

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Australia (CIF) - 2024

In May 2024, the average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $3,468 per ton, reducing by -2.8% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2024 an increase of 188% month-to-month. Over the period under review, average import prices hit record highs at $4,468 per ton in October 2023; however, from November 2023 to May 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was South Korea ($7,013 per ton), while the price for Taiwan (Chinese) ($2,551 per ton) was amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Germany (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Australia (FOB) - 2022

In 2022, the average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $2,482 per ton, picking up by 2.6% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds decreased by -30.2% against 2019 indices. The growth pace was the most rapid in 2015 when the average export price increased by 78% against the previous year. The export price peaked at $3,557 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($3,792 per ton), while the average price for exports to the United Arab Emirates ($1,638 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 Indonesia (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Australia

In 2022, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds into Australia rose markedly to 2K tons, increasing by 13% on the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds surged to $7.6M in 2022. In general, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.1% 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 +105.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to Australia in 2022:

1. China (886.5 tons)
2. Taiwan (Chinese) (520.7 tons)
3. South Korea (229.8 tons)
4. Germany (139.1 tons)
5. Finland (97.5 tons)
6. India (46.0 tons)
7. Netherlands (39.7 tons)
8. Malaysia (5.9 tons)

Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Australia

In 2022, after three years of growth, there was decline in overseas shipments of stainless steel, flat-rolled, width less than 600mm, cold-rolleds, when their volume decreased by -2.3% to 294 tons. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,422%.

In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $729K in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 990%. As a result, the exports attained the peak of $731K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from Australia in 2022:

1. United Arab Emirates (165.6 tons)
2. Philippines (95.0 tons)
3. Canada (30.4 tons)
4. New Zealand (1.8 tons)

Source: IndexBox Market Intelligence Platform