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

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belgium (FOB) - 2023
2. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belgium (CIF) - 2022
3. Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belgium
4. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belgium

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

In December 2023, the average export price for steel, alloy amounted to $2,298 per ton, falling by -15% against the previous month. Over the period under review, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 36% against the previous month. The export price peaked at $3,661 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Serbia ($2,304 per ton), while the average price for exports to Turkey amounted to $1,329 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+87.1%), while the prices for the other major destinations experienced a decline.

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belgium (CIF) - 2022

The average import price for steel, alloy stood at $2,053 per ton in 2022, growing by 44% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $2,088 per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,122 per ton), while the price for the UK ($539 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, exports of steel, alloy from Belgium soared to 4K tons, with an increase of 152% on the previous year's figure. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, alloy skyrocketed to $10M in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. India (1531.5 tons)
2. Pakistan (857.7 tons)
3. Italy (362.2 tons)
4. Serbia (345.9 tons)
5. Turkey (304.5 tons)
6. South Africa (182.6 tons)
7. Singapore (175.3 tons)
8. United Arab Emirates (71.7 tons)

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

In 2022, supplies from abroad of steel, alloy increased by 0.9% to 1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt descent.

In value terms, imports of steel, alloy surged to $2.1M in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Germany (942.8 tons)
2. United Kingdom (37.0 tons)
3. Netherlands (30.4 tons)

Source: IndexBox Market Intelligence Platform