Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK (CIF) - 2022
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK (FOB) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK
- Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK (CIF) - 2022
The average import price for steel, alloy stood at $3,536 per ton in 2022, picking up by 28% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy increased by +96.1% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 37% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,812 per ton), while the price for Romania ($1,599 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK (FOB) - 2022
In 2022, the average export price for steel, alloy amounted to $1,450 per ton, declining by -86% against the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 432% against the previous year. As a result, the export price reached the peak level of $10,327 per ton, and then contracted significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($1,555 per ton), while the average price for exports to Belgium ($746 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 Turkey (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK
In 2022, the amount of steel, alloy imported into the UK skyrocketed to 544 tons, rising by 152% compared with 2021. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy skyrocketed to $1.9M in 2022. In general, 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 the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 1,169 | 0% |
| Germany | N/A | N/A | N/A | 612 | 0% |
| Netherlands | 190 | 611 | 586 | 57.8 | -32.7% |
| Romania | N/A | N/A | N/A | 31.1 | 0% |
| Others | N/A | N/A | 11.4 | 54.0 | 373.7% |
| Total | 190 | 611 | 598 | 1,925 | 116.4% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to the UK in 2022:
- Japan (332.3 tons)
- Germany (171.3 tons)
- Romania (19.5 tons)
- Netherlands (15.2 tons)
Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK
In 2022, after two years of decline, there was significant growth in overseas shipments of steel, alloy, when their volume increased by 511% to 55 tons. Overall, exports, however, recorded a dramatic contraction.
In value terms, exports of steel, alloy dropped to $79K in 2022. In general, exports, however, continue to indicate a sharp contraction.
| Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.5 | N/A | N/A | N/A | 0% |
| India | 5.7 | 0.1 | N/A | N/A | -98.2% |
| Turkey | 6.2 | N/A | 0.1 | N/A | -87.3% |
| United Arab Emirates | 4.0 | N/A | N/A | N/A | 0% |
| Czech Republic | 3.9 | N/A | N/A | N/A | 0% |
| Italy | 17.7 | 0.1 | N/A | N/A | -99.4% |
| Israel | N/A | N/A | N/A | N/A | 0% |
| Pakistan | 2.7 | 0.3 | N/A | N/A | -88.9% |
| Canada | 11.9 | 0.1 | N/A | N/A | -99.2% |
| Others | 9.9 | N/A | N/A | N/A | 0% |
| Total | 63.5 | 0.6 | 0.1 | 0.1 | -88.4% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from the UK in 2022:
- Belgium (28.8 tons)
- Italy (14.3 tons)
- Israel (10.5 tons)
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