Price for Steel Alloy Wire of Silico-Manganese Steel in the United States - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in the United States (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in the United States (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in the United States
- Exports of Steel Alloy Wire of Silico-Manganese Steel in the United States
Price for Steel Alloy Wire of Silico-Manganese Steel in the United States (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $1,634 per ton in March 2024, rising by 6.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2024 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $1,865 per ton in April 2023; however, from May 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Mexico ($2,357 per ton), while the price for China ($1,013 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Mexico (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in the United States (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $4,486 per ton in 2022, growing by 23% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel alloy wire of silico-manganese steels increased by +17.1% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($6,810 per ton), while the average price for exports to Japan ($3,025 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 Brazil (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in the United States
In 2022, imports of steel alloy wire of silico-manganese steels into the United States declined modestly to 69K tons, which is down by -4.4% on the year before. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27%. As a result, imports attained the peak of 72K tons, and then dropped in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $127M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.1% 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 +78.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Steel Alloy Wire of Silico-Manganese Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 16.7 | 14.2 | 28.4 | 36.8 | 30.1% |
| Mexico | 14.6 | 18.4 | 25.6 | 33.4 | 31.8% |
| Italy | 16.8 | 10.7 | 18.2 | 22.9 | 10.9% |
| China | 35.4 | 16.3 | 18.1 | 20.5 | -16.6% |
| Canada | 2.0 | 3.1 | 5.9 | 5.3 | 38.4% |
| South Korea | 4.1 | 4.5 | 5.3 | 4.0 | -0.8% |
| Others | 8.1 | 3.8 | 3.3 | 4.0 | -21.0% |
| Total | 97.7 | 71.0 | 105 | 127 | 9.1% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to the United States in 2022:
- Vietnam (23.3K tons)
- China (15.0K tons)
- Mexico (14.8K tons)
- Italy (9.7K tons)
- Canada (2.5K tons)
- South Korea (1.7K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in the United States
In 2022, approx. 2K tons of steel alloy wire of silico-manganese steels were exported from the United States; with an increase of 8.2% on the previous year's figure. In general, exports, however, showed a abrupt curtailment.
In value terms, exports of steel alloy wire of silico-manganese steels soared to $9.2M in 2022. Overall, exports, however, saw a deep contraction.
| Export of Steel Alloy Wire of Silico-Manganese Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 2.0 | 1.8 | 3.0 | 23.3% |
| Canada | 1.5 | 2.4 | 2.6 | 2.8 | 23.1% |
| Mexico | 6.9 | 5.9 | 0.9 | 1.1 | -45.8% |
| Saudi Arabia | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Argentina | N/A | N/A | N/A | 0.4 | 0% |
| France | 1.0 | 1.0 | 0.2 | 0.2 | -41.5% |
| Japan | N/A | 0.1 | 0.5 | 0.2 | 41.4% |
| Italy | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Singapore | 0.1 | 0.6 | 0.2 | 0.1 | 0.0% |
| Others | 1.7 | 0.6 | 0.4 | 0.8 | -22.2% |
| Total | 13.0 | 13.0 | 6.9 | 9.2 | -10.9% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from the United States in 2022:
- Canada (786.6 tons)
- China (569.6 tons)
- Mexico (269.7 tons)
- Argentina (74.3 tons)
- Saudi Arabia (62.5 tons)
- Japan (59.1 tons)
- France (42.3 tons)
- Singapore (20.8 tons)
- Italy (16.5 tons)
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