Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Morocco - 2023

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Morocco (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Morocco (FOB) - 2023
3. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Morocco
4. Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Morocco

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

The average import price for steel, alloy stood at $3,232 per ton in 2022, growing by 50% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +90.3% 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 India ($4,282 per ton), while the price for Italy ($1,763 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+50.2%), 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 Morocco (FOB) - 2023

The average export price for steel, alloy stood at $2,881 per ton in June 2023, flattening at the previous month. Overall, the export price showed a pronounced slump. The pace of growth appeared the most rapid in September 2022 an increase of 6.8% m-o-m. As a result, the export price attained the peak level of $4,220 per ton. From October 2022 to June 2023, the the average export prices failed to regain momentum.

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

From August 2022 to June 2023, the rate of growth in terms of prices for Italy amounted to -3.1% per month.

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

In 2022, the amount of steel, alloy imported into Morocco contracted significantly to 1.3K tons, shrinking by -30.7% on 2021 figures. Over the period under review, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 8.2% against the previous year.

In value terms, imports of steel, alloy rose modestly to $4.3M in 2022. In general, imports saw a mild setback. The pace of growth was the most pronounced in 2021 with an increase of 37%.

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

1. France (409.6 tons)
2. Italy (234.4 tons)
3. India (130.7 tons)
4. Germany (98.9 tons)
5. Poland (93.0 tons)
6. Turkey (66.7 tons)
7. China (66.7 tons)
8. Czech Republic (65.9 tons)
9. South Korea (50.0 tons)
10. Russia (39.2 tons)

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

For the third year in a row, Morocco recorded decline in overseas shipments of steel, alloy, which decreased by -21% to 252 tons in 2022. In general, exports continue to indicate a sharp setback. The smallest decline of -19.6% was in 2020.

In value terms, exports of steel, alloy skyrocketed to $966K in 2022. Over the period under review, exports saw a sharp setback.

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

1. Italy (251.7 tons)

Source: IndexBox Market Intelligence Platform