Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Switzerland - 2024

Contents:

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

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

In 2022, the average import price for steel, alloy amounted to $3,636 per ton, picking up by 36% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +66.0% 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 China ($5,045 per ton), while the price for Germany ($2,981 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+39.5%), 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 Switzerland (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $3,105 per ton, with an increase of 18% against the previous year. Overall, the export price posted a mild increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 80% against the previous year. As a result, the export price attained the peak level of $4,423 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($20,291 per ton), while the average price for exports to France ($2,549 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 the United States (+67.0%), 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 Switzerland

In 2022, overseas purchases of steel, alloy were finally on the rise to reach 2.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a noticeable setback.

In value terms, imports of steel, alloy soared to $8.2M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Japan (722.6 tons)
2. Czech Republic (640.0 tons)
3. Germany (357.0 tons)
4. Italy (169.0 tons)
5. France (92.4 tons)
6. China (88.9 tons)
7. Poland (86.2 tons)
8. Turkey (64.7 tons)

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

In 2022, shipments abroad of steel, alloy decreased by -8.7% to 113 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 248% against the previous year. As a result, the exports attained the peak of 226 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of steel, alloy rose markedly to $351K in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 78% against the previous year. As a result, the exports reached the peak of $375K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. France (103.5 tons)
2. Turkey (5.6 tons)
3. United States (1.8 tons)

Source: IndexBox Market Intelligence Platform