Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium (FOB) - 2024
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium (CIF) - 2024
- Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium (FOB) - 2024
The average export price for steel, alloy stood at $980 per ton in November 2023, rising by 14% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $1,038 per ton in April 2023; however, from May 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($1,532 per ton), while the average price for exports to the United States ($973 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium (CIF) - 2024
In October 2023, the average import price for steel, alloy amounted to $892 per ton, which is down by -2.8% against the previous month. Over the last nine months, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 38% against the previous month. As a result, import price attained the peak level of $1,243 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2023 to October 2023, the rate of growth in terms of prices for the United States amounted to +3.0% per month.
Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium
In 2022, approx. 204K tons of steel, alloy were exported from Belgium; picking up by 8.5% compared with the previous year. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 89% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of steel, alloy surged to $203M in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 85%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 12.2 | 41.4 | 23.2 | 38.1 | 46.2% |
| Algeria | N/A | N/A | 15.4 | 29.7 | 92.9% |
| Germany | 7.0 | 12.0 | 30.5 | 27.5 | 57.8% |
| United States | 1.6 | 4.4 | 21.7 | 24.4 | 148.0% |
| France | 14.3 | 10.2 | 15.5 | 21.2 | 14.0% |
| Italy | 4.4 | 1.5 | 4.4 | 16.6 | 55.7% |
| United Kingdom | 1.3 | 0.3 | 20.7 | 13.8 | 119.8% |
| Poland | 4.0 | 4.1 | 9.5 | 7.0 | 20.5% |
| Others | 8.4 | 19.9 | 32.7 | 24.9 | 43.7% |
| Total | 53.2 | 93.8 | 174 | 203 | 56.3% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Belgium in 2022:
- Turkey (39.2K tons)
- Algeria (32.5K tons)
- Germany (24.5K tons)
- United States (20.8K tons)
- Italy (20.3K tons)
- France (18.3K tons)
- United Kingdom (15.5K tons)
- Poland (5.9K tons)
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium
In 2022, approx. 179K tons of steel, alloy were imported into Belgium; shrinking by -11.4% compared with the previous year. In general, imports showed a deep downturn. The smallest decline of -9.5% was in 2020.
In value terms, imports of steel, alloy expanded slightly to $184M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 55.5 | 88.0 | 129 | 166 | 44.1% |
| France | 98.6 | 36.0 | 33.8 | 10.7 | -52.3% |
| Others | 3.3 | 4.3 | 12.7 | 7.7 | 32.6% |
| Total | 157 | 128 | 175 | 184 | 5.4% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Belgium in 2022:
- Germany (155.3K tons)
- France (14.7K tons)
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