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

Contents:

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

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

In February 2022, the average import price for steel, alloy amounted to $990 per ton, which is down by -10.2% against the previous month. Overall, import price indicated perceptible growth from February 2021 to February 2022: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, import price for steel, alloy increased by +2.8% against December 2021 indices. The growth pace was the most rapid in May 2021 an increase of 23% m-o-m. The import price peaked at $1,105 per ton in November 2021; however, from December 2021 to February 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($1,744 per ton), while the price for Japan ($965 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for steel, alloy amounted to $1,173 per ton, declining by -2.2% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, alloy increased by +107.7% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 56%. As a result, the export price reached the peak level of $1,199 per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($4,920 per ton), while the average price for exports to Venezuela totaled $754 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+23.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of steel, alloy imported into Colombia declined remarkably to 81K tons, waning by -61.6% on the previous year. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 104%. As a result, imports attained the peak of 211K tons, and then contracted dramatically in the following year.

In value terms, imports of steel, alloy declined rapidly to $60M in 2022. Overall, imports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 231%. As a result, imports reached the peak of $175M, and then declined remarkably in the following year.

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

1. Japan (51.4K tons)
2. Brazil (25.8K tons)
3. China (2.2K tons)

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

In 2022, shipments abroad of steel, alloy decreased by -28.2% to 673 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 416%.

In value terms, exports of steel, alloy shrank rapidly to $790K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 473%. As a result, the exports attained the peak of $1.1M, and then shrank remarkably in the following year.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Colombia in 2022:

1. Venezuela (605.4 tons)
2. Peru (67.8 tons)

Source: IndexBox Market Intelligence Platform