Price for Steel Alloy Wire of Silico-Manganese Steel in South Korea - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in South Korea (FOB) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in South Korea (CIF) - 2022
- Exports of Steel Alloy Wire of Silico-Manganese Steel in South Korea
- Imports of Steel Alloy Wire of Silico-Manganese Steel in South Korea
Price for Steel Alloy Wire of Silico-Manganese Steel in South Korea (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $2,295 per ton in December 2022, dropping by -6.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2022 when the average export price increased by 26% against the previous month. As a result, the export price reached the peak level of $3,075 per ton. From February 2022 to December 2022, 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 Brazil ($3,374 per ton), while the average price for exports to Japan ($1,695 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in South Korea (CIF) - 2022
In December 2022, the average import price for steel alloy wire of silico-manganese steels amounted to $945 per ton, which is down by -7.8% against the previous month. Overall, the import price showed a perceptible decline. The most prominent rate of growth was recorded in October 2022 an increase of 11% month-to-month. The import price peaked at $1,341 per ton in February 2022; however, from March 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Vietnam ($962 per ton), while the price for China amounted to $929 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-2.5%).
Exports of Steel Alloy Wire of Silico-Manganese Steel in South Korea
In 2022, approx. 16K tons of steel alloy wire of silico-manganese steels were exported from South Korea; remaining constant against the previous year. Over the period under review, exports continue to indicate a deep setback. The smallest decline of -11.9% was in 2020.
In value terms, exports of steel alloy wire of silico-manganese steels amounted to $40M in 2022. In general, exports showed a noticeable setback. The smallest decline of -17.5% was in 2020.
| Export of Steel Alloy Wire of Silico-Manganese Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.4 | 7.9 | N/A | 13.1 | 16.0% |
| China | 13.6 | 12.9 | N/A | 12.8 | -2.0% |
| Mexico | 5.3 | 3.1 | N/A | 3.1 | -16.4% |
| Canada | 2.8 | 1.7 | N/A | 2.8 | 0.0% |
| Brazil | 2.7 | 2.0 | N/A | 2.0 | -9.5% |
| Japan | 1.9 | 1.3 | N/A | 1.5 | -7.6% |
| Taiwan (Chinese) | 0.8 | 1.1 | N/A | 0.9 | 4.0% |
| Spain | 1.4 | 1.4 | N/A | 0.8 | -17.0% |
| Germany | 1.1 | 0.8 | N/A | 0.7 | -14.0% |
| Turkey | 0.6 | 0.9 | N/A | 0.6 | 0.0% |
| India | 2.8 | 1.2 | N/A | N/A | -57.1% |
| Others | 1.9 | 1.5 | N/A | 1.7 | -3.6% |
| Total | 43.2 | 35.7 | N/A | 40.0 | -2.5% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from South Korea in 2022:
- United States (5.4K tons)
- China (4.2K tons)
- Canada (1.4K tons)
- Mexico (1.1K tons)
- Japan (0.9K tons)
- Brazil (0.7K tons)
- Taiwan (Chinese) (0.4K tons)
- Turkey (0.3K tons)
- Germany (0.3K tons)
- Spain (0.3K tons)
Imports of Steel Alloy Wire of Silico-Manganese Steel in South Korea
In 2022, purchases abroad of steel alloy wire of silico-manganese steels decreased by 0% to 7.2K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. As a result, imports attained the peak of 12K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel alloy wire of silico-manganese steels stood at $8.3M in 2022. Over the period under review, imports recorded a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 14%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Steel Alloy Wire of Silico-Manganese Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 7.8 | N/A | 7.4 | 3.4% |
| Vietnam | N/A | N/A | N/A | 0.5 | 0% |
| Others | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| Total | 6.9 | 7.8 | N/A | 8.3 | 6.4% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to South Korea in 2022:
- China (6.6K tons)
- Vietnam (0.5K tons)
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