Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada - 2024
Contents:
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada (CIF) - 2024
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada (FOB) - 2024
- Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada
- Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada (CIF) - 2024
The average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $4,536 per ton in March 2024, approximately reflecting the previous month. Overall, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in April 2023 an increase of 23% m-o-m. As a result, import price attained the peak level of $6,253 per ton. From May 2023 to March 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Japan ($9,809 per ton), while the price for China ($2,704 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 South Korea (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada (FOB) - 2024
In March 2024, the average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $3,247 per ton, declining by -21.8% against the previous month. In general, the export price saw a noticeable curtailment. The pace of growth was the most pronounced in October 2023 an increase of 19% against the previous month. Over the period under review, the average export prices attained the maximum at $5,308 per ton in July 2023; however, from August 2023 to March 2024, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In March 2024, the country with the highest price was the United States ($3,348 per ton), while the average price for exports to India amounted to $2,701 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 (-3.4%).
Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada
Imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds into Canada expanded notably to 33K tons in 2022, with an increase of 5.5% on 2021 figures. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds soared to $166M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +71.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 73.9 | 60.3 | 71.5 | 88.7 | 6.3% |
| Japan | 13.0 | 11.9 | 14.4 | 21.7 | 18.6% |
| China | 2.2 | 2.1 | 9.2 | 13.8 | 84.4% |
| India | 2.8 | 4.3 | 5.5 | 11.4 | 59.7% |
| Finland | 0.4 | 0.3 | 7.9 | 5.9 | 145.2% |
| France | 4.1 | 2.8 | 1.6 | 5.8 | 12.3% |
| Taiwan (Chinese) | 2.2 | 2.4 | 2.7 | 5.4 | 34.9% |
| Germany | 6.4 | 5.5 | 1.2 | 1.1 | -44.4% |
| South Korea | 5.5 | 3.4 | 2.0 | 0.6 | -52.2% |
| Others | 6.6 | 4.0 | 5.6 | 11.8 | 21.4% |
| Total | 117 | 96.9 | 122 | 166 | 12.4% |
Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to Canada in 2022:
- United States (18.9K tons)
- China (3.9K tons)
- India (2.3K tons)
- Japan (2.3K tons)
- Finland (1.5K tons)
- France (1.2K tons)
- Taiwan (Chinese) (0.7K tons)
- South Korea (0.2K tons)
- Germany (0.1K tons)
Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada
For the fourth year in a row, Canada recorded growth in overseas shipments of stainless steel, flat-rolled, width less than 600mm, cold-rolleds, which increased by 19% to 3.9K tons in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,089%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds soared to $15M in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 712%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | 6.8 | 7.5 | 14.3 | 161.5% |
| Others | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Total | 0.8 | 6.8 | 7.6 | 14.6 | 163.3% |
Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from Canada in 2022:
- United States (3.7K tons)
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