Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the Philippines - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the Philippines (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the Philippines
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the Philippines (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $1,027 per ton, picking up by 50% against the previous year. Over the period under review, the import price enjoyed a noticeable expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,038 per ton), while the price for Japan amounted to $1,018 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%).
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the Philippines
In 2022, approx. 4.9K tons of steel, alloy were imported into the Philippines; reducing by -92.7% on the previous year's figure. Over the period under review, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year.
In value terms, imports of steel, alloy dropped notably to $5M in 2022. Overall, imports recorded a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 123%.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.4 | 2.5 | 3.2 | 3.4 | 34.4% |
| China | 73.2 | 18.0 | 41.0 | 1.6 | -72.0% |
| Others | 1.1 | 0.1 | 1.4 | N/A | 12.8% |
| Total | 75.6 | 20.5 | 45.7 | 5.0 | -59.6% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to the Philippines in 2022:
- Japan (3.4K tons)
- China (1.5K tons)
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