Price for Steel Alloy Wire of Silico-Manganese Steel in the UK - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in the UK (FOB) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in the UK (CIF) - 2024
- Exports of Steel Alloy Wire of Silico-Manganese Steel in the UK
- Imports of Steel Alloy Wire of Silico-Manganese Steel in the UK
Price for Steel Alloy Wire of Silico-Manganese Steel in the UK (FOB) - 2024
The average export price for steel alloy wire of silico-manganese steels stood at $1,811 per ton in January 2024, waning by -2.5% against the previous month. In general, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in February 2023 an increase of 81% month-to-month. As a result, the export price attained the peak level of $3,936 per ton. From March 2023 to January 2024, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In January 2024, the countries with the highest prices were Sweden ($2,514 per ton) and Ireland ($1,900 per ton), while the average price for exports to France ($1,707 per ton) and Italy ($1,727 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Steel Alloy Wire of Silico-Manganese Steel in the UK (CIF) - 2024
In January 2024, the average import price for steel alloy wire of silico-manganese steels amounted to $1,720 per ton, declining by -7.5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 44% m-o-m. Over the period under review, average import prices reached the maximum at $2,118 per ton in November 2023; however, from December 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($1,982 per ton), while the price for China ($970 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 China (-0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Steel Alloy Wire of Silico-Manganese Steel in the UK
In 2022, approx. 8.4K tons of steel alloy wire of silico-manganese steels were exported from the UK; rising by 30% compared with the previous year's figure. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,072% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of steel alloy wire of silico-manganese steels rose notably to $18M in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,312%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Steel Alloy Wire of Silico-Manganese Steel in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.7 | 167 | 6,110 | 8,448 | 890.3% |
| France | 13.7 | 70.1 | 2,037 | 2,658 | 478.9% |
| Poland | 21.0 | 36.8 | 1,800 | 2,363 | 382.8% |
| Spain | 3.5 | 4.0 | 1,452 | 1,227 | 605.1% |
| Sweden | 2.4 | 6.6 | 589 | 1,090 | 668.7% |
| Ireland | 138 | 195 | 703 | 938 | 89.4% |
| Italy | 118 | 129 | 383 | 335 | 41.6% |
| India | 36.0 | 17.4 | 118 | 247 | 90.0% |
| Others | 69.5 | 515 | 2,920 | 965 | 140.4% |
| Total | 410 | 1,141 | 16,113 | 18,270 | 254.5% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from the UK in 2022:
- France (2087.9 tons)
- Poland (2019.7 tons)
- Germany (1264.4 tons)
- Ireland (805.5 tons)
- Sweden (634.6 tons)
- Spain (459.3 tons)
- Italy (308.1 tons)
- India (189.1 tons)
Imports of Steel Alloy Wire of Silico-Manganese Steel in the UK
In 2022, imports of steel alloy wire of silico-manganese steels into the UK contracted significantly to 10K tons, dropping by -29.1% compared with the previous year. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. As a result, imports reached the peak of 15K tons, and then dropped markedly in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels declined to $16M in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 127% against the previous year. As a result, imports attained the peak of $18M, and then declined in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 5.4 | 2.3 | 8.4 | 7.5 | 11.6% |
| China | 3.3 | 3.8 | 4.3 | 6.1 | 22.7% |
| India | 0.8 | N/A | N/A | 0.8 | 0.0% |
| Italy | N/A | 0.1 | N/A | 0.5 | 123.6% |
| Turkey | 0.2 | 1.2 | 4.5 | 0.4 | 26.0% |
| Others | 0.3 | 0.5 | 0.5 | 0.3 | 0.0% |
| Total | 10.0 | 7.8 | 17.8 | 15.6 | 16.0% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to the UK in 2022:
- Czech Republic (5.3K tons)
- China (3.9K tons)
- India (0.5K tons)
- Italy (0.3K tons)
- Turkey (0.2K tons)
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