Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan (FOB) - 2024
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan (CIF) - 2022
- Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan (FOB) - 2024
The average export price for steel, alloy stood at $733 per ton in November 2023, remaining constant against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 7.9% month-to-month. The export price peaked at $773 per ton in May 2023; however, from June 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was India ($1,071 per ton), while the average price for exports to Bangladesh ($565 per ton) was amongst the lowest.
From February 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.0%), 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 Japan (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $931 per ton, picking up by 7.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58%. Over the period under review, average import prices hit record highs at $1,001 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,332 per ton), while the price for China ($812 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan
In 2022, approx. 2M tons of steel, alloy were exported from Japan; declining by -17.4% against 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 2.5M tons, and then shrank markedly in the following year.
In value terms, exports of steel, alloy dropped to $1.7B in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 99%. As a result, the exports reached the peak of $2B, and then declined in the following year.
Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 393 | 289 | 818 | 610 | 15.8% |
China | 321 | 312 | 420 | 351 | 3.0% |
Mexico | 136 | 105 | 209 | 184 | 10.6% |
Bangladesh | 71.5 | 81.6 | 128 | 125 | 20.5% |
South Korea | 77.4 | 44.0 | 93.8 | 87.6 | 4.2% |
India | 14.6 | 22.5 | 27.2 | 84.3 | 79.4% |
Turkey | 8.9 | 20.7 | 32.9 | 62.4 | 91.4% |
Indonesia | 26.7 | 12.4 | 37.9 | 60.5 | 31.3% |
Colombia | 28.2 | 29.1 | 70.5 | 40.3 | 12.6% |
Others | 65.1 | 70.5 | 128 | 101 | 15.8% |
Total | 1,143 | 987 | 1,965 | 1,706 | 14.3% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Japan in 2022:
- Thailand (724.7K tons)
- China (412.3K tons)
- Bangladesh (171.5K tons)
- Mexico (170.1K tons)
- South Korea (120.7K tons)
- India (112.7K tons)
- Turkey (80.4K tons)
- Indonesia (60.8K tons)
- Colombia (59.2K tons)
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan
In 2022, the amount of steel, alloy imported into Japan declined notably to 18K tons, falling by -69.8% compared with 2021. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 130%. As a result, imports attained the peak of 58K tons, and then shrank sharply in the following year.
In value terms, imports of steel, alloy shrank markedly to $16M in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 264%. As a result, imports attained the peak of $50M, and then shrank remarkably in the following year.
Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 15.0 | 11.7 | 47.7 | 11.7 | -7.9% |
South Korea | 5.5 | 1.5 | 2.1 | 2.7 | -21.1% |
United States | 0.1 | 0.6 | 0.3 | 1.6 | 152.0% |
Others | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
Total | 20.6 | 13.9 | 50.5 | 16.3 | -7.5% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Japan in 2022:
- China (14.4K tons)
- South Korea (2.8K tons)
- United States (0.3K tons)
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