Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Tanzania - 2023

Contents:

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

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

The average import price for steel, alloy stood at $675 per ton in 2022, picking up by 3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 30% against the previous year. The import price peaked at $677 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($854 per ton), while the price for China totaled $669 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.9%).

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

In 2022, approx. 406 tons of steel, alloy were imported into Tanzania; reducing by -20.8% against the previous year. Over the period under review, imports faced a precipitous shrinkage. The smallest decline of -20.8% was in 2021.

In value terms, imports of steel, alloy declined significantly to $274K in 2022. Overall, imports saw a deep slump. The smallest decline of -18.4% was in 2021.

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

1. China (394.7 tons)
2. Japan (9.7 tons)
3. United Arab Emirates (1.9 tons)

Source: IndexBox Market Intelligence Platform