Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Belgium - 2023

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Belgium (FOB) - 2023
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Belgium (CIF) - 2023
3. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Belgium
4. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Belgium

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Belgium (FOB) - 2023

In December 2023, the average export price for steel, alloy amounted to $2,538 per ton, picking up by 12% against the previous month. In general, the export price, however, saw a noticeable decrease. The growth pace was the most rapid in August 2023 an increase of 47% m-o-m. The export price peaked at $5,077 per ton in May 2023; however, from June 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Poland ($3,681 per ton), while the average price for exports to Germany ($113 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Belgium (CIF) - 2023

The average import price for steel, alloy stood at $2,226 per ton in December 2023, dropping by -20.4% against the previous month. Overall, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in January 2023 an increase of 731% month-to-month. Over the period under review, average import prices hit record highs at $4,904 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($3,376 per ton), while the price for Germany ($1,896 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of steel, alloy from Belgium skyrocketed to 12K tons, growing by 27% on 2021. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 104% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of steel, alloy soared to $33M in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 204%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. Germany (3.6K tons)
2. Italy (2.1K tons)
3. India (1.5K tons)
4. Croatia (1.4K tons)
5. Austria (1.3K tons)
6. Pakistan (0.5K tons)
7. South Africa (0.4K tons)
8. United Arab Emirates (0.1K tons)

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

After three years of growth, purchases abroad of steel, alloy decreased by -2.9% to 8K tons in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% 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 +50.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year.

In value terms, imports of steel, alloy stood at $23M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 218%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. China (4.9K tons)
2. Germany (2.6K tons)
3. United States (0.6K tons)

Source: IndexBox Market Intelligence Platform