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

Contents:

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

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

In 2022, the average import price for steel, alloy amounted to $611 per ton, growing by 1.8% against the previous year. In general, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 2.1%. Over the period under review, average import prices attained the peak figure at $1,280 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -7.1% per year.

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

For the fourth consecutive year, Jordan recorded growth in supplies from abroad of steel, alloy, which increased by 2.3% to 26 tons in 2022. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 2.3% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of steel, alloy rose modestly to $16K in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 4.1% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. South Korea (25.8 tons)

Source: IndexBox Market Intelligence Platform