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

Contents:

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

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

The average import price for steel, alloy stood at $572 per ton in 2022, growing by 7.7% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum at $823 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($610 per ton), while the price for the United States ($568 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for steel, alloy stood at $1,054 per ton in 2022, picking up by 70% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Somalia.

From 2014 to 2022, the rate of growth in terms of prices for Yemen amounted to +17.0% per year.

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

For the fourth year in a row, Oman recorded growth in overseas purchases of steel, alloy, which increased by 58% to 4.6K tons in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 221% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of steel, alloy soared to $2.7M in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 169%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. United States (3.8K tons)
2. United Arab Emirates (0.6K tons)
3. China (0.2K tons)

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

In 2022, the amount of steel, alloy exported from Oman soared to 45 tons, surging by 111% against the previous year. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, alloy surged to $48K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Somalia (45.5 tons)

Source: IndexBox Market Intelligence Platform