Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Oman - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Oman (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Oman (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Oman
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Oman

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Oman (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $1,767 per ton, with an increase of 77% against the previous year. Over the period under review, the import price continues to indicate a mild increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,858 per ton), while the price for China stood at $708 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+44.9%), 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 Oman (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $473 per ton, with a decrease of -8.5% against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2013 when the average export price increased by 37%. As a result, the export price reached the peak level of $2,151 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,213 per ton), while the average price for exports to Yemen ($470 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 the United Arab Emirates (-0.9%), while the prices for the other major destinations experienced a decline.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Oman

For the third consecutive year, Oman recorded decline in overseas purchases of steel, alloy, which decreased by -26.3% to 3.1K tons in 2022. Overall, imports faced a precipitous setback.

In value terms, imports of steel, alloy skyrocketed to $5.4M in 2022. Over the period under review, imports faced a abrupt decrease.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils to Oman in 2022:

1. United Arab Emirates (2.7K tons)
2. China (0.3K tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Oman

In 2022, the amount of steel, alloy exported from Oman totaled 94 tons, with an increase of 10% on the previous year's figure. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 63%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of steel, alloy soared to $84K in 2022. Overall, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 68% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils from Oman in 2022:

1. Yemen (70.0 tons)
2. Pakistan (17.5 tons)
3. United States (2.9 tons)
4. United Arab Emirates (1.7 tons)
5. Libya (1.5 tons)

Source: IndexBox Market Intelligence Platform