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

Contents:

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

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

The average import price for steel, alloy stood at $3,208 per ton in December 2023, declining by -3.3% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 12% against the previous month. As a result, import price reached the peak level of $3,921 per ton. From April 2023 to December 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,552 per ton), while the price for Turkey ($3,170 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 the Czech Republic (+0.7%), while the prices for the other major suppliers experienced a decline.

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

The average export price for steel, alloy stood at $3,557 per ton in 2022, surging by 3.2% against the previous year. Overall, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 920%. The export price peaked at $10,855 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($11,417 per ton), while the average price for exports to Serbia stood at $3,505 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+46.1%).

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

In 2022, purchases abroad of steel, alloy decreased by -48.3% to 569 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of steel, alloy reduced rapidly to $1.9M in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. As a result, imports reached the peak of $3.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Serbia (338.9 tons)
2. Poland (98.5 tons)
3. Czech Republic (55.1 tons)
4. Germany (25.4 tons)
5. Turkey (21.5 tons)
6. Estonia (19.1 tons)
7. Italy (9.5 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of steel, alloy, when their volume decreased by -53.1% to 24 tons. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 854%.

In value terms, exports of steel, alloy dropped sharply to $87K in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 294%.

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

1. Serbia (24.2 tons)
2. India (0.1 tons)

Source: IndexBox Market Intelligence Platform