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

Contents:

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

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

In 2022, the average import price for steel, alloy amounted to $740 per ton, approximately equating the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 steel, alloy increased by +62.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $741 per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($864 per ton), while the price for Russia ($541 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of steel, alloy imported into Bangladesh declined sharply to 194K tons, which is down by -51.7% against 2021. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 23%. As a result, imports reached the peak of 401K tons, and then fell rapidly in the following year.

In value terms, imports of steel, alloy contracted sharply to $144M in 2022. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 99% against the previous year. As a result, imports attained the peak of $296M, and then reduced notably in the following year.

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

1. Japan (150.2K tons)
2. France (17.4K tons)
3. China (17.3K tons)
4. Russia (6.7K tons)

Source: IndexBox Market Intelligence Platform