Price for Steel, Alloy; Angles, Shapes and Sections in Australia - 2024
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Australia (CIF) - 2024
- Price for Steel, Alloy; Angles, Shapes and Sections in Australia (FOB) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Australia
- Exports of Steel, Alloy; Angles, Shapes and Sections in Australia
Price for Steel, Alloy; Angles, Shapes and Sections in Australia (CIF) - 2024
The average import price for steel, alloy; angles, shapes and sectionses stood at $1,137 per ton in January 2024, falling by -61.8% against the previous month. In general, the import price showed a perceptible slump. The most prominent rate of growth was recorded in December 2023 an increase of 117% against the previous month. As a result, import price reached the peak level of $2,973 per ton, and then declined markedly in the following month.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was China ($1,145 per ton), while the price for Thailand stood at $1,003 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (-1.0%).
Price for Steel, Alloy; Angles, Shapes and Sections in Australia (FOB) - 2022
In 2022, the average export price for steel, alloy; angles, shapes and sectionses amounted to $2,556 per ton, jumping by 72% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 79%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 New Zealand ($7,050 per ton), while the average price for exports to Cote d'Ivoire ($131 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 (+227.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Angles, Shapes and Sections in Australia
In 2022, after three years of growth, there was significant decline in supplies from abroad of steel, alloy; angles, shapes and sectionses, when their volume decreased by -75.2% to 6.1K tons. In general, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports reached the peak of 25K tons, and then declined markedly in the following year.
In value terms, imports of steel, alloy; angles, shapes and sectionses fell notably to $10M in 2022. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports reached the peak of $29M, and then declined significantly in the following year.
| Import of Steel, Alloy; Angles, Shapes and Sections in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.5 | 17.9 | 20.3 | 5.6 | -30.2% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Thailand | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 1.8 | 1.6 | 8.9 | 4.6 | 36.7% |
| Total | 18.5 | 19.6 | 29.3 | 10.4 | -17.5% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Australia in 2022:
- China (4.0K tons)
- Thailand (0.2K tons)
- Turkey (0.1K tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in Australia
In 2022, overseas shipments of steel, alloy; angles, shapes and sectionses increased by 94% to 517 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep reduction.
In value terms, exports of steel, alloy; angles, shapes and sectionses surged to $1.2M in 2022. Overall, exports, however, recorded a abrupt slump.
| Export of Steel, Alloy; Angles, Shapes and Sections in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 329 | 131 | 82.3 | 328 | -0.1% |
| Fiji | N/A | 20.7 | N/A | 218 | 224.5% |
| Thailand | N/A | N/A | N/A | 212 | 0% |
| New Zealand | 730 | 318 | 240 | 199 | -35.2% |
| Papua New Guinea | 3.7 | 60.2 | 87.5 | 179 | 264.4% |
| Vietnam | N/A | N/A | N/A | 29.2 | 0% |
| Cote d'Ivoire | N/A | N/A | N/A | 2.7 | 0% |
| Others | 591 | 6.2 | 17.5 | 26.9 | -64.3% |
| Total | 1,654 | 536 | 427 | 1,195 | -10.3% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from Australia in 2022:
- India (202.6 tons)
- Thailand (93.8 tons)
- Papua New Guinea (73.8 tons)
- Vietnam (53.4 tons)
- Fiji (39.2 tons)
- New Zealand (28.2 tons)
- Cote d'Ivoire (20.5 tons)
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