Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia - 2024

Contents:

  1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia (CIF) - 2024
  2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia (FOB) - 2022
  3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia
  4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia (CIF) - 2024

The average import price for steel, alloy stood at $2,920 per ton in January 2024, which is down by -4.9% against the previous month. Over the period under review, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 35% against the previous month. Over the period under review, average import prices attained the peak figure at $5,084 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.

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

From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to -0.7% per month.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia (FOB) - 2022

In 2020, the average export price for steel, alloy amounted to $9,173 per ton, with an increase of 7.7% against the previous year. Overall, the export price enjoyed a temperate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2015 to 2020, the rate of growth in terms of prices for South Africa amounted to +2.0% per year.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia

In 2022, the amount of steel, alloy imported into Australia skyrocketed to 1.2K tons, jumping by 21% against 2021. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of steel, alloy soared to $3.5M in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan7441,1091,1323,00759.3%
ChinaN/A2.44923961184.5%
Singapore45.527177.312138.5%
RussiaN/A83.728.9N/A-65.5%
South Korea541285106N/A-55.7%
IndiaN/A60.9165N/A170.9%
Others1.964.8N/AN/A3310.5%
Total1,3321,8772,0013,52438.3%

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Australia in 2022:

  1. Japan (984.4 tons)
  2. China (132.0 tons)
  3. Singapore (45.7 tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia

In 2020, approx. 225 kg of steel, alloy were exported from Australia; reducing by -95.5% on the year before. Over the period under review, exports showed a sharp reduction.

In value terms, exports of steel, alloy shrank sharply to $2.1K in 2020. In general, exports continue to indicate a precipitous shrinkage.

Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Australia (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
South Africa42.62.1-95.1%
OthersN/AN/A0%
Total42.62.1-95.1%

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from Australia in 2022:

  1. South Africa (225.0 kg)

Source: IndexBox Market Intelligence Platform

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