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

Contents:

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

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

In 2022, the average import price for steel, alloy amounted to $2,539 per ton, rising by 13% against the previous year. In general, the import price, however, showed a slight setback. The import price peaked at $2,809 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,487 per ton), while the price for Turkey ($1,651 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.8%), 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 Iran (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $3,698 per ton, increasing by 7.6% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, alloy increased by +107.9% against 2012 indices. The pace of growth was the most pronounced in 2020 an increase of 7.6%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.9% per year.

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

In 2022, purchases abroad of steel, alloy decreased by -72.4% to 66 tons, falling for the second consecutive year after two years of growth. In general, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 67%. As a result, imports reached the peak of 347 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of steel, alloy contracted markedly to $169K in 2022. Overall, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 78%. As a result, imports reached the peak of $867K. 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 Iran in 2022:

1. Italy (23.9 tons)
2. India (18.0 tons)
3. Turkey (13.0 tons)
4. China (11.6 tons)

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

Exports of steel, alloy from Iran fell dramatically to 9.7 tons in 2022, with a decrease of -18% on the year before. Over the period under review, exports saw a abrupt decline.

In value terms, exports of steel, alloy declined to $36K in 2022. In general, exports saw a abrupt setback. The smallest decline of -11.8% was in 2021.

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

1. India (9.7 tons)

Source: IndexBox Market Intelligence Platform