Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Mexico - 2024
Contents:
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Mexico (CIF) - 2024
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Mexico (FOB) - 2024
- Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Mexico
- Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Mexico
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Mexico (CIF) - 2024
In April 2024, the average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $5,219 per ton, with an increase of 9.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 15% m-o-m. As a result, import price attained the peak level of $5,761 per ton. From July 2023 to April 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Germany ($11,086 per ton), while the price for Taiwan (Chinese) ($1,591 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by South Korea (+1.6%), 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 Mexico (FOB) - 2024
In April 2024, the average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $3,119 per ton, growing by 13% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average export price increased by 27% m-o-m. As a result, the export price reached the peak level of $3,426 per ton. From November 2023 to April 2024, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From April 2023 to April 2024, the rate of growth in terms of prices for the United States amounted to +0.7% per month.
Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Mexico
In 2022, approx. 56K tons of stainless steel, flat-rolled, width less than 600mm, cold-rolleds were imported into Mexico; increasing by 44% on the year before. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% 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 +54.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds skyrocketed to $290M in 2022. In general, imports saw significant growth. As a result, imports attained 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 70.2 | 71.0 | 71.8 | 116 | 18.2% |
| Japan | 26.3 | 23.4 | 25.0 | 46.1 | 20.6% |
| South Korea | 14.8 | 21.1 | 25.3 | 45.6 | 45.5% |
| China | 8.5 | 3.0 | 10.5 | 28.3 | 49.3% |
| Taiwan (Chinese) | 5.5 | 5.1 | 6.0 | 15.7 | 41.9% |
| India | 3.9 | 4.3 | 9.2 | 15.0 | 56.7% |
| Italy | 11.1 | 11.0 | 8.4 | 9.4 | -5.4% |
| Others | 10.7 | 14.2 | 8.2 | 14.4 | 10.4% |
| Total | 151 | 153 | 164 | 290 | 24.3% |
Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to Mexico in 2022:
- United States (24.1K tons)
- South Korea (11.1K tons)
- Japan (5.5K tons)
- China (4.6K tons)
- Taiwan (Chinese) (3.7K tons)
- India (2.8K tons)
- Italy (1.6K tons)
Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Mexico
In 2022, approx. 5.1K tons of stainless steel, flat-rolled, width less than 600mm, cold-rolleds were exported from Mexico; with a decrease of -6.6% against the previous year. In general, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 18%.
In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds rose notably to $14M in 2022. The total export value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.7 | 8.8 | 12.3 | 14.2 | 9.9% |
| Others | 0.4 | 0.8 | 0.2 | N/A | -29.3% |
| Total | 11.1 | 9.6 | 12.4 | 14.2 | 8.6% |
Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from Mexico in 2022:
- United States (5.1K tons)
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