Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Bahrain - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Bahrain (CIF) - 2022
2. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Bahrain

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Bahrain (CIF) - 2022

The average import price for steel, alloy stood at $1,106 per ton in 2022, picking up by 6.9% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2019 an increase of 95%. Over the period under review, average import prices reached the peak figure at $1,421 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Saudi Arabia ($1,493 per ton), while the price for the United Arab Emirates ($338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.8%), while the prices for the other major suppliers experienced a decline.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Bahrain

In 2022, overseas purchases of steel, alloy decreased by -28.3% to 219 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. As a result, imports attained the peak of 426 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of steel, alloy shrank sharply to $242K in 2022. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 54%. As a result, imports attained the peak of $412K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Bahrain in 2022:

1. Saudi Arabia (129.2 tons)
2. United Arab Emirates (46.5 tons)
3. China (43.0 tons)

Source: IndexBox Market Intelligence Platform