Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Pakistan - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Pakistan (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Pakistan
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Pakistan (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $758 per ton, rising by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($937 per ton), while the price for Brazil ($511 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.2%), 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 Pakistan
In 2022, after three years of growth, there was significant decline in purchases abroad of steel, alloy, when their volume decreased by -97% to 18K tons. Over the period under review, imports faced a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of 608K tons, and then contracted rapidly in the following year.
In value terms, imports of steel, alloy dropped remarkably to $14M in 2022. Overall, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, imports attained the peak of $396M, and then dropped dramatically in the following year.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 248 | 248 | 393 | 6.7 | -70.0% |
| Brazil | 0.4 | 0.6 | 1.1 | 2.3 | 79.2% |
| Belgium | N/A | 0.1 | N/A | 1.0 | 216.2% |
| Indonesia | N/A | N/A | N/A | 0.8 | 0% |
| Japan | 0.2 | 0.1 | 0.6 | 0.8 | 58.7% |
| New Zealand | N/A | N/A | N/A | 0.8 | 0% |
| South Korea | N/A | N/A | 0.8 | 0.6 | -25.0% |
| Others | 1.2 | 1.3 | 1.1 | 0.7 | -16.4% |
| Total | 250 | 250 | 396 | 13.7 | -62.0% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Pakistan in 2022:
- China (7.9K tons)
- Brazil (4.5K tons)
- Belgium (1.1K tons)
- Indonesia (1.0K tons)
- Japan (1.0K tons)
- New Zealand (1.0K tons)
- South Korea (0.7K tons)
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