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

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Sri Lanka (CIF) - 2022
2. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Sri Lanka

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

The average import price for steel, alloy stood at $511 per ton in 2022, waning by -18.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2019 an increase of 69% against the previous year. As a result, import price attained the peak level of $736 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.9% per year.

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

For the fourth consecutive year, Sri Lanka recorded growth in supplies from abroad of steel, alloy, which increased by 157% to 2.6K tons in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 854%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of steel, alloy surged to $1.4M in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 764% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. China (2.6K tons)

Source: IndexBox Market Intelligence Platform