Price for Steel, Alloy; Semi-Finished Products in Brazil - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Brazil (FOB) - 2023
- Price for Steel, Alloy; Semi-Finished Products in Brazil (CIF) - 2023
- Exports of Steel, Alloy; Semi-Finished Products in Brazil
- Imports of Steel, Alloy; Semi-Finished Products in Brazil
Price for Steel, Alloy; Semi-Finished Products in Brazil (FOB) - 2023
The average steel, alloy; semi-finished products export price stood at $762 per ton in September 2023, falling by -7.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 13% against the previous month. As a result, the export price attained the peak level of $909 per ton. From June 2023 to September 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In September 2023, the country with the highest price was the United States ($781 per ton), while the average price for exports to Canada totaled $620 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.3%).
Price for Steel, Alloy; Semi-Finished Products in Brazil (CIF) - 2023
The average steel, alloy; semi-finished products import price stood at $752 per ton in September 2023, declining by -18.6% against the previous month. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in December 2022 an increase of 191% month-to-month. The import price peaked at $3,560 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($3,170 per ton), while the price for China stood at $705 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Semi-Finished Products in Brazil
In 2022, the amount of steel, alloy; semi-finished productses exported from Brazil declined to 952K tons, waning by -13.6% compared with 2021. Over the period under review, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 1%.
In value terms, steel, alloy; semi-finished products exports fell to $811M in 2022. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 89% against the previous year.
| Export of Steel, Alloy; Semi-Finished Products in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 949 | 324 | 742 | 768 | -6.8% |
| Mexico | 2.6 | 2.3 | 20.7 | 23.0 | 106.8% |
| Canada | 9.3 | 34.2 | 69.0 | 12.5 | 10.4% |
| China | 9.4 | 107 | 9.4 | 2.4 | -36.6% |
| Germany | 38.1 | 0.7 | 0.4 | N/A | -89.8% |
| Others | 14.6 | 12.6 | 65.0 | 4.9 | -30.5% |
| Total | 1,022 | 481 | 907 | 811 | -7.4% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Brazil in 2022:
- United States (892.9K tons)
- Mexico (26.2K tons)
- Canada (19.1K tons)
- China (5.1K tons)
Imports of Steel, Alloy; Semi-Finished Products in Brazil
In 2022, steel, alloy; semi-finished products imports into Brazil skyrocketed to 19K tons, picking up by 58% against the previous year's figure. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, steel, alloy; semi-finished products imports soared to $24M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Semi-Finished Products in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 1.8 | 1.3 | 9.0 | 55.4% |
| Italy | 9.6 | 11.3 | 7.1 | 4.6 | -21.7% |
| Vietnam | N/A | N/A | N/A | 4.0 | 0% |
| Panama | N/A | N/A | 0.3 | 1.9 | 533.3% |
| United Kingdom | 1.0 | 0.7 | 1.1 | 1.9 | 23.9% |
| Germany | 1.5 | 0.9 | 2.1 | 1.2 | -7.2% |
| Russia | 0.9 | N/A | N/A | N/A | 0% |
| Argentina | 0.3 | N/A | 1.6 | N/A | 130.9% |
| Chile | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.6 | 1.6 | 2.2 | 1.5 | 35.7% |
| Total | 16.4 | 16.8 | 15.7 | 24.2 | 13.8% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Brazil in 2022:
- Vietnam (6.6K tons)
- China (6.5K tons)
- Italy (2.4K tons)
- Panama (1.4K tons)
- United Kingdom (0.9K tons)
- Germany (0.5K tons)
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