Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy (CIF) - 2023
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy (FOB) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy (CIF) - 2023
The average import price for steel, alloy stood at $3,574 per ton in December 2023, reducing by -6.8% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 101% against the previous month. As a result, import price reached the peak level of $7,655 per ton. From February 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($22,734 per ton), while the price for Brazil ($1,204 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 India (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy (FOB) - 2022
In 2022, the average export price for steel, alloy amounted to $2,845 per ton, increasing by 7.6% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +64.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($3,949 per ton), while the average price for exports to Slovenia ($781 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy
Imports of steel, alloy into Italy shrank to 8.8K tons in 2022, which is down by -5.6% against 2021 figures. Over the period under review, imports showed a pronounced contraction. The smallest decline of -0.4% was in 2021.
In value terms, imports of steel, alloy surged to $39M in 2022. In general, imports, however, recorded a significant increase. 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.8 | 9.4 | 14.9 | 12.3 | 11.8% |
| Netherlands | 2.5 | 2.9 | 3.8 | 9.5 | 56.0% |
| India | N/A | N/A | 0.7 | 7.7 | 1000.0% |
| China | 0.1 | 1.7 | 2.6 | 2.3 | 184.4% |
| France | 1.8 | 0.1 | 0.6 | 1.5 | -5.9% |
| Austria | N/A | 0.3 | 0.3 | 1.5 | 123.6% |
| Poland | 1.5 | 1.8 | 2.3 | 1.2 | -7.2% |
| Czech Republic | 0.8 | 0.2 | 0.1 | 0.9 | 4.0% |
| Belgium | 0.9 | 0.2 | N/A | 0.6 | -12.6% |
| Japan | 2.0 | 0.6 | 0.4 | 0.5 | -37.0% |
| United Kingdom | 1.3 | N/A | N/A | 0.1 | -57.5% |
| Russia | 0.9 | 1.1 | 0.1 | 0.1 | -51.9% |
| Spain | N/A | 1.2 | N/A | 0.1 | -71.1% |
| Others | 0.9 | 0.9 | 0.9 | 0.8 | -3.9% |
| Total | 21.5 | 20.4 | 26.7 | 38.8 | 21.7% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Italy in 2022:
- Germany (3735.5 tons)
- India (1799.3 tons)
- Netherlands (902.7 tons)
- China (518.9 tons)
- Austria (419.4 tons)
- France (355.2 tons)
- Poland (266.5 tons)
- Czech Republic (215.6 tons)
- Belgium (150.3 tons)
- Russia (67.9 tons)
- Japan (55.8 tons)
- Spain (40.4 tons)
- United Kingdom (31.4 tons)
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy
In 2022, approx. 11K tons of steel, alloy were exported from Italy; reducing by -17.2% compared with the year before. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 94% against the previous year. As a result, the exports attained the peak of 14K tons, and then fell dramatically in the following year.
In value terms, exports of steel, alloy declined to $32M in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 175%. As a result, the exports reached the peak of $36M, and then fell in the following year.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.0 | 2.8 | 5.6 | 5.5 | 76.5% |
| Canada | 0.2 | N/A | 5.4 | 4.3 | 178.1% |
| Poland | 3.3 | 1.6 | 2.9 | 3.7 | 3.9% |
| Germany | 1.0 | 1.2 | 2.9 | 3.6 | 53.3% |
| India | N/A | 0.1 | 0.4 | 1.9 | 335.9% |
| Pakistan | N/A | N/A | N/A | 1.5 | 0% |
| Tunisia | 0.7 | 0.1 | 2.7 | 1.4 | 26.0% |
| United Kingdom | 0.1 | 0.1 | 0.9 | 1.4 | 141.0% |
| Czech Republic | 0.9 | 1.7 | 3.0 | 1.0 | 3.6% |
| Croatia | 0.4 | 0.6 | 0.5 | 0.9 | 31.0% |
| Ireland | N/A | 0.5 | 0.3 | 0.7 | 18.3% |
| United Arab Emirates | N/A | 0.2 | N/A | 0.4 | 41.4% |
| Slovenia | 0.6 | 0.2 | 0.3 | 0.3 | -20.6% |
| Others | 5.1 | 4.1 | 11.0 | 5.6 | 3.2% |
| Total | 13.4 | 13.1 | 36.0 | 32.1 | 33.8% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Italy in 2022:
- India (1794.3 tons)
- Spain (1568.2 tons)
- Canada (1078.0 tons)
- Germany (1067.0 tons)
- Poland (1036.8 tons)
- Pakistan (680.8 tons)
- United Kingdom (463.3 tons)
- Tunisia (381.1 tons)
- Slovenia (331.7 tons)
- Czech Republic (328.7 tons)
- United Arab Emirates (299.3 tons)
- Ireland (288.3 tons)
- Croatia (263.0 tons)
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