Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China - 2024
Contents:
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China (FOB) - 2024
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China (CIF) - 2024
- Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China
- Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China (FOB) - 2024
The average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $1,492 per ton in May 2024, shrinking by -5.1% against the previous month. Over the period under review, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in March 2024 an increase of 21% against the previous month. The export price peaked at $2,178 per ton in May 2023; however, from June 2023 to May 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In May 2024, the country with the highest price was Mexico ($5,238 per ton), while the average price for exports to Pakistan ($326 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China (CIF) - 2024
In May 2024, the average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $7,325 per ton, shrinking by -2.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2024 when the average import price increased by 19% m-o-m. As a result, import price attained the peak level of $8,332 per ton. From March 2024 to May 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($18,809 per ton), while the price for France ($4,070 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 Sweden (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China
In 2022, approx. 311K tons of stainless steel, flat-rolled, width less than 600mm, cold-rolleds were exported from China; with an increase of 50% against the year before. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds skyrocketed to $1.5B in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 72.7 | 82.9 | 220 | 727 | 115.4% |
| Turkey | 20.0 | 33.7 | 23.5 | 107 | 74.9% |
| Vietnam | 28.6 | 56.6 | 17.1 | 70.5 | 35.1% |
| Pakistan | 8.1 | 8.7 | 18.1 | 68.5 | 103.7% |
| United States | 3.1 | 3.5 | 9.8 | 47.5 | 148.4% |
| Bangladesh | 4.9 | 10.0 | 8.6 | 47.4 | 113.1% |
| Thailand | 18.8 | 24.1 | 14.0 | 44.0 | 32.8% |
| Egypt | 8.2 | 17.1 | 8.3 | 32.3 | 57.9% |
| Indonesia | 9.7 | 14.3 | 7.1 | 27.8 | 42.0% |
| Malaysia | 64.3 | 36.6 | 10.3 | 26.1 | -26.0% |
| United Arab Emirates | 6.9 | 6.8 | 4.3 | 25.2 | 54.0% |
| Nepal | 1.7 | 6.5 | 3.5 | 20.7 | 130.1% |
| Russia | 10.2 | 13.8 | 6.7 | 19.2 | 23.5% |
| Others | 94.1 | 93.0 | 58.3 | 209 | 30.5% |
| Total | 351 | 408 | 410 | 1,472 | 61.3% |
Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from China in 2022:
- India (111.1K tons)
- Pakistan (43.6K tons)
- Turkey (36.2K tons)
- Vietnam (13.5K tons)
- Thailand (11.0K tons)
- United States (7.8K tons)
- Bangladesh (7.7K tons)
- Egypt (6.3K tons)
- Russia (5.4K tons)
- United Arab Emirates (5.3K tons)
- Indonesia (5.2K tons)
- Nepal (5.0K tons)
- Malaysia (5.0K tons)
Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China
In 2022, approx. 39K tons of stainless steel, flat-rolled, width less than 600mm, cold-rolleds were imported into China; waning by -22.9% against the previous year. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 9.6% against the previous year. As a result, imports reached the peak of 50K tons, and then reduced dramatically in the following year.
In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds dropped modestly to $261M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 8.2% against the previous year. As a result, imports reached the peak of $263M, and then shrank in the following year.
| Import of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 110 | 105 | 109 | 107 | -0.9% |
| Taiwan (Chinese) | 49.0 | 44.8 | 44.6 | 37.0 | -8.9% |
| Sweden | 22.5 | 21.5 | 29.3 | 33.5 | 14.2% |
| South Korea | 21.5 | 25.2 | 26.3 | 24.7 | 4.7% |
| Germany | 19.8 | 18.0 | 21.0 | 22.6 | 4.5% |
| United States | 12.9 | 10.5 | 11.5 | 17.6 | 10.9% |
| France | 1.8 | 2.5 | 5.0 | 4.0 | 30.5% |
| India | 4.2 | 3.2 | 3.6 | 3.0 | -10.6% |
| Others | 6.9 | 13.0 | 13.1 | 11.5 | 18.6% |
| Total | 249 | 243 | 263 | 261 | 1.6% |
Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to China in 2022:
- Japan (16.5K tons)
- Taiwan (Chinese) (7.4K tons)
- South Korea (5.4K tons)
- Germany (3.1K tons)
- Sweden (2.0K tons)
- United States (1.1K tons)
- France (0.9K tons)
- India (0.7K tons)
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