Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia (CIF) - 2022
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia (FOB) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia
- Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $1,665 per ton, rising by 22% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($2,565 per ton), while the price for the United States ($963 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia (FOB) - 2022
In 2022, the average export price for steel, alloy amounted to $2,047 per ton, with an increase of 12% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $2,048 per ton in 2012; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($3,872 per ton), while the average price for exports to Singapore ($1,403 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia
In 2022, approx. 31K tons of steel, alloy were imported into Australia; picking up by 40% against 2021. The total import volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy surged to $53M in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 3.3 | 3.6 | 6.5 | 19.5 | 80.8% |
| China | 11.6 | 12.9 | 10.6 | 14.4 | 7.5% |
| France | 5.7 | 4.2 | 5.0 | 5.1 | -3.6% |
| Japan | 0.1 | N/A | N/A | 3.8 | 236.2% |
| Belgium | 1.4 | 4.9 | 5.3 | 3.3 | 33.1% |
| Sweden | 0.8 | 0.4 | 0.4 | 2.2 | 40.1% |
| Germany | 2.0 | 1.2 | 1.3 | 1.5 | -9.1% |
| United States | 0.1 | 0.6 | 0.1 | 0.8 | 100.0% |
| Others | 1.7 | 1.5 | 1.2 | 2.0 | 5.6% |
| Total | 26.7 | 29.4 | 30.2 | 52.5 | 25.3% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils to Australia in 2022:
- China (10.7K tons)
- Finland (10.4K tons)
- Japan (2.5K tons)
- France (2.0K tons)
- Belgium (1.8K tons)
- Sweden (1.1K tons)
- United States (0.8K tons)
- Germany (0.8K tons)
Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia
In 2022, the amount of steel, alloy exported from Australia contracted markedly to 6.9K tons, with a decrease of -15.8% against the previous year's figure. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 45%.
In value terms, exports of steel, alloy dropped to $14M in 2022. In general, exports showed a mild downturn. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports reached the peak of $15M, and then shrank in the following year.
| Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2.5 | 2.3 | 5.5 | 3.8 | 15.0% |
| Turkey | 1.3 | N/A | N/A | 2.6 | 26.0% |
| United Arab Emirates | 0.7 | 0.8 | 0.5 | 1.8 | 37.0% |
| Indonesia | 4.7 | 2.4 | 3.2 | 1.7 | -28.8% |
| Thailand | 1.1 | 1.0 | 1.3 | 1.5 | 10.9% |
| New Zealand | 1.1 | 0.4 | 1.3 | 0.7 | -14.0% |
| South Korea | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
| Israel | 2.6 | 1.2 | 1.6 | 0.4 | -46.4% |
| Others | 1.0 | 1.1 | 1.5 | 1.2 | 6.3% |
| Total | 15.0 | 9.3 | 15.1 | 14.2 | -1.8% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils from Australia in 2022:
- Singapore (2712.1 tons)
- Indonesia (1082.5 tons)
- Turkey (723.6 tons)
- Thailand (704.1 tons)
- United Arab Emirates (531.6 tons)
- New Zealand (407.9 tons)
- South Korea (142.8 tons)
- Israel (102.6 tons)
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