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

Contents:

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

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

The average export price for steel, alloy stood at $565 per ton in 2021, rising by 5.1% against the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 40% against the previous year. The export price peaked at $716 per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($657 per ton), while the average price for exports to Jordan amounted to $474 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+5.3%).

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

The average import price for steel, alloy stood at $837 per ton in 2021, jumping by 53% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 53% against the previous year. The import price peaked at $848 per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($846 per ton), while the price for South Korea totaled $685 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, overseas shipments of steel, alloy were finally on the rise to reach 24K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a slight setback.

In value terms, exports of steel, alloy soared to $13M in 2022. Over the period under review, exports, however, recorded a pronounced descent.

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

1. Kuwait (2.7K tons)
2. Jordan (0.1K tons)

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

In 2021, after two years of growth, there was significant decline in supplies from abroad of steel, alloy, when their volume decreased by -67.4% to 24K tons. In general, imports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 when imports increased by 58% against the previous year. As a result, imports reached the peak of 72K tons, and then reduced rapidly in the following year.

In value terms, imports of steel, alloy declined markedly to $20M in 2021. Overall, imports faced a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 48%. As a result, imports reached the peak of $40M, and then reduced rapidly in the following year.

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

1. China (22.1K tons)
2. South Korea (1.4K tons)

Source: IndexBox Market Intelligence Platform