Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United States - 2024
Contents:
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United States (FOB) - 2024
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United States (CIF) - 2024
- Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United States
- Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United States
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United States (FOB) - 2024
The average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $8,706 per ton in May 2024, reducing by -13.4% against the previous month. Over the period under review, the export price showed a perceptible setback. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 24% month-to-month. Over the period under review, the average export prices hit record highs at $11,534 per ton in August 2023; however, from September 2023 to May 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In May 2024, the country with the highest price was Italy ($41,759 per ton), while the average price for exports to Canada ($4,770 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 Italy (+2.9%), 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 the United States (CIF) - 2024
The average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $4,338 per ton in May 2024, surging by 5.6% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 6.8% against the previous month. Over the period under review, average import prices hit record highs at $4,930 per ton in June 2023; however, from July 2023 to May 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Sweden ($8,765 per ton), while the price for Thailand ($2,299 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 France (+0.5%), while the prices for the other major suppliers experienced a decline.
Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United States
In 2022, approx. 47K tons of stainless steel, flat-rolled, width less than 600mm, cold-rolleds were exported from the United States; picking up by 4.6% against 2021 figures. Over the period under review, exports, however, recorded a slight setback. The pace of growth was the most pronounced in 2021 with an increase of 9.2% against the previous year.
In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds soared to $373M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +74.9% against 2020 indices. 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 the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 82.3 | 64.7 | 76.6 | 102 | 7.4% |
Mexico | 55.0 | 67.3 | 87.2 | 96.5 | 20.6% |
Italy | 3.6 | 12.2 | 40.9 | 75.2 | 175.4% |
United Kingdom | 11.3 | 13.1 | 2.6 | 17.7 | 16.1% |
Germany | 12.7 | 6.0 | 7.7 | 12.6 | -0.3% |
China | 8.4 | 9.7 | 7.3 | 10.2 | 6.7% |
Belgium | 11.5 | 4.8 | 2.7 | 3.3 | -34.0% |
Brazil | 3.5 | 14.4 | 6.2 | 2.7 | -8.3% |
Others | 27.2 | 21.1 | 27.9 | 52.4 | 24.4% |
Total | 216 | 213 | 259 | 373 | 20.0% |
Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from the United States in 2022:
- Canada (20.2K tons)
- Mexico (17.8K tons)
- United Kingdom (2.1K tons)
- Italy (1.2K tons)
- Germany (1.1K tons)
- China (1.0K tons)
- Belgium (0.8K tons)
- Brazil (0.6K tons)
Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United States
Imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds into the United States declined to 57K tons in 2022, remaining constant against the previous year's figure. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.5% 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 +51.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of 58K tons, leveling off in the following year.
In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds soared to $281M in 2022. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
Import of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.8 | 1.1 | 21.1 | 43.7 | 149.9% |
India | 11.0 | 6.4 | 19.4 | 41.1 | 55.2% |
France | 33.7 | 19.7 | 30.3 | 31.3 | -2.4% |
Italy | 16.3 | 12.2 | 18.2 | 23.6 | 13.1% |
Germany | 20.2 | 13.1 | 16.5 | 20.5 | 0.5% |
Sweden | 18.1 | 12.7 | 7.5 | 15.6 | -4.8% |
Thailand | 10.0 | 8.3 | 10.5 | 14.9 | 14.2% |
Mexico | 8.9 | 6.6 | 10.4 | 14.0 | 16.3% |
Canada | 0.7 | 5.5 | 10.4 | 12.2 | 159.3% |
Japan | 19.7 | 10.7 | 9.2 | 12.1 | -15.0% |
Romania | 4.0 | 4.3 | 6.1 | 11.0 | 40.1% |
Taiwan (Chinese) | 4.6 | 3.6 | 7.1 | 8.4 | 22.2% |
Indonesia | 2.2 | 2.9 | 8.9 | 7.4 | 49.8% |
Others | 22.3 | 13.6 | 19.9 | 24.9 | 3.7% |
Total | 175 | 121 | 196 | 281 | 17.1% |
Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to the United States in 2022:
- India (9.0K tons)
- China (8.1K tons)
- France (7.6K tons)
- Thailand (5.7K tons)
- Mexico (4.6K tons)
- Canada (3.1K tons)
- Italy (3.1K tons)
- Germany (2.6K tons)
- Sweden (1.9K tons)
- Japan (1.9K tons)
- Romania (1.8K tons)
- Taiwan (Chinese) (1.8K tons)
- Indonesia (1.6K tons)
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