Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Pakistan - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Pakistan (CIF) - 2023
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Pakistan
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Pakistan (CIF) - 2023
The average import price for steel, alloy stood at $3,274 per ton in August 2023, rising by 161% against the previous month. In general, the import price enjoyed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was France ($5,515 per ton), while the price for Japan ($2,750 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Pakistan
For the fourth consecutive year, Pakistan recorded growth in overseas purchases of steel, alloy, which increased by 166% to 37K tons in 2022. Over the period under review, imports continue to indicate a significant expansion. 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 $40M in 2022. In general, imports recorded significant growth. 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, of Silicon-Electrical Steel, Grain-Oriented in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.6 | 1.2 | 7.0 | 9.7 | 152.9% |
| Japan | 1.5 | 1.1 | 1.9 | 5.2 | 51.3% |
| France | 1.0 | 0.6 | 2.6 | 3.7 | 54.7% |
| Germany | 2.9 | 3.6 | 3.8 | 3.0 | 1.1% |
| South Korea | 3.1 | 3.6 | 3.4 | 0.9 | -33.8% |
| Poland | N/A | N/A | 0.1 | 0.7 | 600.0% |
| United States | 2.3 | 0.7 | N/A | 0.6 | -36.1% |
| United Kingdom | 2.2 | 0.5 | N/A | N/A | -77.3% |
| Others | 4.1 | 5.5 | 4.5 | 16.5 | 59.1% |
| Total | 17.7 | 16.8 | 23.2 | 40.3 | 31.6% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Pakistan in 2022:
- China (10.2K tons)
- Japan (4.6K tons)
- France (3.4K tons)
- Germany (2.6K tons)
- Poland (0.8K tons)
- South Korea (0.8K tons)
- United States (0.4K tons)
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