Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the UK - 2024
Contents:
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the UK (CIF) - 2024
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the UK (FOB) - 2022
- Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the UK
- Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the UK
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the UK (CIF) - 2024
The average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $4,487 per ton in April 2024, falling by -32.7% against the previous month. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in March 2024 an increase of 53% month-to-month. As a result, import price attained the peak level of $6,664 per ton, and then reduced notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($6,721 per ton), while the price for Vietnam ($2,104 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 China (-1.6%), while the prices for the other major suppliers experienced a decline.
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the UK (FOB) - 2022
The average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $6,338 per ton in 2022, rising by 21% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 increased by +79.1% against 2015 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($12,872 per ton), while the average price for exports to Sweden ($2,268 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 the United Arab Emirates (+15.1%), 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 the UK
In 2022, approx. 30K tons of stainless steel, flat-rolled, width less than 600mm, cold-rolleds were imported into the UK; with a decrease of -14% on the year before. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 17%.
In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds surged to $172M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +80.7% against 2020 indices. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.4 | 32.7 | 46.6 | 42.2 | 9.2% |
| Finland | 5.8 | 4.1 | 8.0 | 21.5 | 54.8% |
| Sweden | 3.7 | 5.0 | 8.4 | 20.4 | 76.7% |
| United States | 17.8 | 13.5 | 2.6 | 16.9 | -1.7% |
| Italy | 9.0 | 6.2 | 7.5 | 15.9 | 20.9% |
| France | 13.0 | 10.3 | 7.6 | 13.8 | 2.0% |
| China | 0.2 | 0.1 | 4.1 | 13.6 | 308.2% |
| Vietnam | 4.1 | 1.4 | 4.7 | 6.4 | 16.0% |
| Spain | 9.3 | 6.1 | 7.3 | 3.2 | -29.9% |
| Belgium | 2.1 | 2.7 | 6.1 | 3.1 | 13.9% |
| Netherlands | 11.3 | 6.7 | 11.8 | 2.3 | -41.2% |
| Taiwan (Chinese) | 0.9 | 1.4 | 1.8 | 2.2 | 34.7% |
| South Africa | 2.4 | 1.3 | 2.0 | 0.5 | -40.7% |
| Others | 4.8 | 3.7 | 5.7 | 9.9 | 27.3% |
| Total | 117 | 95.2 | 124 | 172 | 13.7% |
Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to the UK in 2022:
- Germany (6.3K tons)
- Finland (4.2K tons)
- China (3.8K tons)
- Sweden (2.9K tons)
- France (2.5K tons)
- United States (2.0K tons)
- Italy (1.8K tons)
- Vietnam (1.5K tons)
- Belgium (0.7K tons)
- Netherlands (0.6K tons)
- Taiwan (Chinese) (0.6K tons)
- Spain (0.6K tons)
- South Africa (0.2K tons)
Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the UK
Exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds from the UK shrank to 3.5K tons in 2022, declining by -6.6% on the previous year. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 67%.
In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds expanded sharply to $22M in 2022. Overall, total exports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 66%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,320 | 1,282 | 2,436 | 2,875 | 29.6% |
| Czech Republic | 1,323 | 1,373 | 1,330 | 2,468 | 23.1% |
| Germany | 2,751 | 1,556 | 1,274 | 2,424 | -4.1% |
| United States | 532 | 284 | 1,415 | 1,801 | 50.2% |
| Sweden | 464 | 392 | 861 | 1,375 | 43.6% |
| Romania | 125 | 77.9 | 1,675 | 1,113 | 107.3% |
| Netherlands | 628 | 567 | 1,074 | 901 | 12.8% |
| Ireland | 737 | 518 | 831 | 811 | 3.2% |
| France | 1,607 | 389 | 874 | 713 | -23.7% |
| Poland | 1,228 | 502 | 996 | 669 | -18.3% |
| Italy | 816 | 600 | 501 | 554 | -12.1% |
| Portugal | 187 | 80.6 | 64.9 | 350 | 23.2% |
| Belgium | 758 | 182 | 417 | 310 | -25.8% |
| Others | 6,756 | 3,848 | 5,622 | 5,522 | -6.5% |
| Total | 19,233 | 11,652 | 19,369 | 21,885 | 4.4% |
Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from the UK in 2022:
- Sweden (606.0 tons)
- Czech Republic (416.9 tons)
- Canada (406.8 tons)
- Germany (312.3 tons)
- Romania (230.0 tons)
- United States (214.4 tons)
- Netherlands (160.8 tons)
- France (132.0 tons)
- Ireland (113.3 tons)
- Poland (104.4 tons)
- Italy (70.6 tons)
- Portugal (51.1 tons)
- Belgium (33.5 tons)
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