Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in South Korea - 2022
Contents:
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in South Korea (FOB) - 2022
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in South Korea (CIF) - 2022
- Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in South Korea
- Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in South Korea
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in South Korea (FOB) - 2022
The average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $3,954 per ton in December 2022, growing by 3.9% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 14% month-to-month. As a result, the export price reached the peak level of $4,914 per ton. From October 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was China ($7,748 per ton), while the average price for exports to Slovenia ($1,992 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in South Korea (CIF) - 2022
The average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $7,176 per ton in 2022, increasing by 36% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds increased by +58.9% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($17,091 per ton), while the price for Taiwan (Chinese) ($1,603 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.4%), 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 South Korea
In 2022, the amount of stainless steel, flat-rolled, width less than 600mm, cold-rolleds exported from South Korea reduced remarkably to 57K tons, falling by -19.4% on the previous year's figure. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 4.7%.
In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $237M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. As a result, the exports attained 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 South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 17.4 | 28.3 | 32.3 | 40.3 | 32.3% |
| Vietnam | 21.7 | 28.1 | 35.7 | 28.9 | 10.0% |
| Germany | 12.9 | 13.6 | 17.1 | 21.2 | 18.0% |
| Spain | 11.1 | 11.6 | 20.2 | 19.2 | 20.0% |
| Netherlands | 5.9 | 6.2 | 11.1 | 18.9 | 47.4% |
| India | 66.2 | 32.3 | 15.2 | 17.3 | -36.1% |
| Japan | 8.0 | 8.4 | 13.2 | 12.1 | 14.8% |
| China | 9.9 | 14.6 | 13.0 | 8.8 | -3.9% |
| Thailand | 12.0 | 12.9 | 7.4 | 8.8 | -9.8% |
| Slovenia | 2.8 | 2.2 | 5.4 | 8.3 | 43.7% |
| Czech Republic | 5.4 | 3.6 | 4.3 | 6.7 | 7.5% |
| Russia | 12.3 | 16.3 | 15.2 | 4.8 | -26.9% |
| Pakistan | N/A | N/A | 1.0 | 1.1 | 10.0% |
| Others | 46.3 | 45.4 | 36.7 | 40.9 | -4.0% |
| Total | 232 | 224 | 228 | 237 | 0.7% |
Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from South Korea in 2022:
- Mexico (9.7K tons)
- Vietnam (7.3K tons)
- India (6.3K tons)
- Spain (4.5K tons)
- Netherlands (4.0K tons)
- Germany (3.8K tons)
- Slovenia (3.0K tons)
- Japan (2.6K tons)
- Thailand (2.3K tons)
- Czech Republic (2.0K tons)
- Russia (1.8K tons)
- Pakistan (1.3K tons)
- China (1.2K tons)
Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in South Korea
In 2022, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds into South Korea fell to 5.9K tons, which is down by -14.2% compared with the previous year. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year.
In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds surged to $42M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. 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 South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.9 | 10.5 | 11.1 | 18.4 | 9.8% |
| China | 10.0 | 10.4 | 12.8 | 7.8 | -7.9% |
| Sweden | 4.8 | 7.3 | 4.1 | 6.7 | 11.8% |
| Vietnam | 0.4 | 1.1 | 1.1 | 1.9 | 68.1% |
| Germany | 1.5 | 1.8 | 1.0 | 1.7 | 4.3% |
| Italy | 0.6 | 0.5 | 1.1 | 0.4 | -12.6% |
| Thailand | 1.9 | 0.2 | 0.3 | 0.4 | -40.5% |
| Others | 3.9 | 3.4 | 4.7 | 4.8 | 7.2% |
| Total | 36.9 | 35.2 | 36.1 | 42.2 | 4.6% |
Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to South Korea in 2022:
- China (2575.6 tons)
- Japan (1548.4 tons)
- Vietnam (521.9 tons)
- Sweden (391.8 tons)
- Italy (211.6 tons)
- Thailand (185.5 tons)
- Germany (155.0 tons)
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