Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada (FOB) - 2024
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada (CIF) - 2024
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada (FOB) - 2024
In January 2024, the average export price for steel, alloy amounted to $4,006 per ton, picking up by 3.4% against the previous month. Over the period under review, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 12% month-to-month. Over the period under review, the average export prices hit record highs at $4,493 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,185 per ton), while the average price for exports to Saint Kitts and Nevis stood at $1,396 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.9%), 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 Canada (CIF) - 2024
In January 2024, the average import price for steel, alloy amounted to $2,794 per ton, dropping by -14.7% against the previous month. Over the period under review, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 56% against the previous month. Over the period under review, average import prices reached the maximum at $4,107 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($4,418 per ton), while the price for China ($1,910 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada
In 2022, overseas shipments of steel, alloy decreased by -49.9% to 9.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 136%. As a result, the exports reached the peak of 19K tons, and then fell significantly in the following year.
In value terms, exports of steel, alloy fell remarkably to $34M in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 161%. As a result, the exports attained the peak of $42M, and then reduced notably in the following year.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.5 | 15.9 | 41.5 | 33.2 | 38.5% |
| India | N/A | N/A | N/A | 0.5 | 0% |
| Saint Kitts and Nevis | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Others | 0.1 | 0.1 | 0.5 | 0.2 | 26.0% |
| Total | 12.6 | 16.1 | 42.1 | 34.4 | 39.8% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Canada in 2022:
- United States (8.5K tons)
- India (0.4K tons)
- Saint Kitts and Nevis (0.3K tons)
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada
In 2022, imports of steel, alloy into Canada soared to 11K tons, rising by 40% on the year before. Over the period under review, imports, however, continue to indicate a noticeable descent.
In value terms, imports of steel, alloy skyrocketed to $24M in 2022. The total import value increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.6 | 3.8 | 5.0 | 7.0 | 15.0% |
| Italy | 0.2 | 0.1 | 2.9 | 6.8 | 224.0% |
| United States | 4.6 | 5.0 | 5.9 | 5.9 | 8.7% |
| China | 0.3 | 1.2 | 1.1 | 1.9 | 85.0% |
| Poland | 0.2 | N/A | 0.4 | 1.0 | 71.0% |
| Mexico | N/A | 1.1 | 0.2 | 0.9 | -9.5% |
| Slovenia | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Russia | 6.6 | 5.7 | 2.8 | N/A | -34.9% |
| Switzerland | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.4 | 0.5 | 1.1 | 0.6 | 14.5% |
| Total | 17.1 | 18.0 | 19.2 | 24.3 | 12.4% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Canada in 2022:
- Italy (3.6K tons)
- Japan (3.4K tons)
- United States (1.8K tons)
- China (0.9K tons)
- Poland (0.6K tons)
- Mexico (0.4K tons)
- Slovenia (0.2K tons)
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