Price for Steel Alloy Wire of Silico-Manganese Steel in Italy - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Italy (FOB) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Italy (CIF) - 2024
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Italy
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Italy
Price for Steel Alloy Wire of Silico-Manganese Steel in Italy (FOB) - 2024
In January 2024, the average export price for steel alloy wire of silico-manganese steels amounted to $2,092 per ton, shrinking by -4% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 5.4% month-to-month. As a result, the export price reached the peak level of $2,273 per ton. From May 2023 to January 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($3,265 per ton), while the average price for exports to Ukraine ($1,265 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Italy (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $1,452 per ton in January 2024, which is down by -50% against the previous month. In general, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in December 2023 an increase of 51% m-o-m. As a result, import price attained the peak level of $2,901 per ton, and then contracted rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Vietnam ($2,386 per ton), while the price for China ($1,021 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel Alloy Wire of Silico-Manganese Steel in Italy
In 2022, exports of steel alloy wire of silico-manganese steels from Italy expanded modestly to 52K tons, growing by 4.8% against the previous year. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 254%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of steel alloy wire of silico-manganese steels surged to $109M in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 309% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 0.2 | 3.1 | 21.2 | 275.6% |
| Spain | 2.6 | 2.5 | 9.6 | 11.4 | 63.7% |
| Netherlands | 1.4 | 1.1 | 11.6 | 11.0 | 98.8% |
| Germany | 3.6 | 2.3 | 9.5 | 10.8 | 44.2% |
| France | 0.7 | 0.8 | 9.3 | 9.6 | 139.4% |
| Canada | 0.2 | 0.3 | 1.6 | 9.4 | 260.9% |
| Poland | 2.3 | 1.0 | 7.0 | 6.7 | 42.8% |
| Turkey | 1.5 | 1.1 | 2.6 | 3.3 | 30.1% |
| Romania | 0.6 | 0.7 | 1.9 | 2.5 | 60.9% |
| Slovakia | 1.2 | 1.0 | 2.5 | 2.3 | 24.2% |
| Portugal | 0.4 | 0.9 | 1.8 | 1.8 | 65.1% |
| Australia | N/A | N/A | 0.5 | 1.7 | 240.0% |
| Austria | 2.1 | 0.8 | 1.6 | 1.0 | -21.9% |
| Others | 8.5 | 6.4 | 16.0 | 16.6 | 25.0% |
| Total | 25.6 | 19.2 | 78.6 | 109 | 62.1% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Italy in 2022:
- United States (8.4K tons)
- Spain (5.7K tons)
- Netherlands (5.5K tons)
- Germany (5.5K tons)
- France (5.0K tons)
- Canada (3.9K tons)
- Poland (3.5K tons)
- Turkey (1.5K tons)
- Romania (1.3K tons)
- Slovakia (1.2K tons)
- Australia (0.9K tons)
- Portugal (0.9K tons)
- Austria (0.5K tons)
Imports of Steel Alloy Wire of Silico-Manganese Steel in Italy
Imports of steel alloy wire of silico-manganese steels into Italy declined notably to 16K tons in 2022, which is down by -25.6% compared with the previous year. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 137%. As a result, imports reached the peak of 22K tons, and then declined markedly in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels reduced to $25M in 2022. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 150% against the previous year. As a result, imports reached the peak of $28M, and then declined in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 12.0 | 7.2 | 8.1 | 10.5 | -4.4% |
| Turkey | 0.2 | 1.7 | 13.0 | 8.6 | 250.3% |
| Germany | 0.5 | 1.2 | 1.9 | 1.7 | 50.4% |
| China | 0.2 | 0.4 | 1.3 | 1.2 | 81.7% |
| France | 0.1 | 0.1 | 1.4 | 1.0 | 115.4% |
| Vietnam | 0.2 | 0.3 | 1.1 | 0.6 | 44.2% |
| Others | 0.3 | 0.3 | 1.2 | 1.4 | 67.1% |
| Total | 13.5 | 11.2 | 27.9 | 25.1 | 23.0% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Italy in 2022:
- Czech Republic (8.2K tons)
- Turkey (5.2K tons)
- China (0.7K tons)
- Germany (0.6K tons)
- France (0.5K tons)
- Vietnam (0.3K tons)
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