Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India (FOB) - 2023
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India (CIF) - 2022
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India (FOB) - 2023
In November 2023, the average export price for steel, alloy amounted to $2,928 per ton, with a decrease of -4.4% against the previous month. In general, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 16% m-o-m. As a result, the export price attained the peak level of $4,528 per ton. From January 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($3,937 per ton), while the average price for exports to Italy ($2,077 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $2,186 per ton, with an increase of 33% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 +74.3% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Poland ($3,441 per ton), while the price for Portugal ($1,230 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India
For the fourth year in a row, India recorded growth in shipments abroad of steel, alloy, which increased by 113% to 11K tons in 2022. Overall, exports continue to indicate 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 surged to $42M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 7.6 | 0% |
| United States | 0.2 | 0.3 | 2.1 | 7.3 | 231.7% |
| Italy | N/A | N/A | 1.0 | 7.2 | 620.0% |
| Mexico | N/A | N/A | N/A | 3.2 | 0% |
| Kuwait | N/A | 0.1 | 2.0 | 3.1 | 456.8% |
| Saudi Arabia | 0.1 | 0.4 | 2.1 | 2.0 | 171.4% |
| Turkey | 0.2 | N/A | 0.3 | 1.4 | 91.3% |
| Lebanon | N/A | 0.3 | 1.2 | 1.4 | 116.0% |
| Syrian Arab Republic | N/A | N/A | N/A | 1.0 | 0% |
| Israel | N/A | N/A | 0.3 | 0.9 | 200.0% |
| Slovenia | N/A | N/A | 0.3 | 0.9 | 200.0% |
| Paraguay | 0.3 | 0.3 | 0.5 | 0.9 | 44.2% |
| Thailand | N/A | N/A | 0.4 | 0.7 | 75.0% |
| Others | 3.3 | 4.2 | 3.9 | 4.7 | 12.5% |
| Total | 4.1 | 5.5 | 14.1 | 42.4 | 117.9% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from India in 2022:
- Australia (2008.1 tons)
- United States (1950.5 tons)
- Italy (1748.6 tons)
- Saudi Arabia (796.5 tons)
- Mexico (719.8 tons)
- Kuwait (712.5 tons)
- Turkey (395.5 tons)
- Thailand (389.1 tons)
- Lebanon (373.0 tons)
- Syrian Arab Republic (275.0 tons)
- Slovenia (270.0 tons)
- Israel (267.1 tons)
- Paraguay (245.8 tons)
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India
In 2022, approx. 7.2K tons of steel, alloy were imported into India; growing by 2.8% against 2021 figures. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of steel, alloy skyrocketed to $16M in 2022. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1.9 | 1.1 | 1.9 | 3.9 | 27.1% |
| Singapore | N/A | 0.2 | 0.9 | 2.5 | 253.6% |
| United States | 0.4 | 1.2 | 1.9 | 2.0 | 71.0% |
| Italy | N/A | N/A | 0.4 | 1.6 | 300.0% |
| Germany | 2.7 | 1.2 | 1.9 | 1.5 | -17.8% |
| United Arab Emirates | 0.9 | 0.9 | 1.8 | 1.1 | 6.9% |
| Belgium | 2.1 | 1.6 | 1.8 | 1.0 | -21.9% |
| Japan | 0.2 | N/A | 0.4 | 0.8 | 58.7% |
| Portugal | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 2.5 | 0.3 | 0.3 | 1.0 | -26.3% |
| Total | 10.8 | 6.4 | 11.6 | 15.8 | 13.5% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to India in 2022:
- Italy (1308.8 tons)
- Poland (1120.4 tons)
- United States (971.8 tons)
- Germany (908.9 tons)
- Singapore (829.7 tons)
- United Arab Emirates (553.3 tons)
- Belgium (394.2 tons)
- Japan (323.1 tons)
- Portugal (229.0 tons)
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