Price for Steel, Stainless; Angles, Shapes and Sections in Australia - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Australia (CIF) - 2024
- Price for Steel, Stainless; Angles, Shapes and Sections in Australia (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Australia
- Exports of Steel, Stainless; Angles, Shapes and Sections in Australia
Price for Steel, Stainless; Angles, Shapes and Sections in Australia (CIF) - 2024
In January 2024, the average import price for steel, stainless amounted to $4,057 per ton, reducing by -19.8% against the previous month. In general, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in September 2023 an increase of 171% against the previous month. Over the period under review, average import prices reached the peak figure at $5,748 per ton in March 2023; however, from April 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($9,795 per ton), while the price for China ($3,895 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 Italy (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Angles, Shapes and Sections in Australia (FOB) - 2022
The average export price for steel, stainless stood at $9,136 per ton in 2022, jumping by 301% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $11,945 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Solomon Islands ($13,787 per ton), while the average price for exports to Cote d'Ivoire ($5,905 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 Cote d'Ivoire (+73.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Australia
In 2022, after three years of growth, there was significant decline in overseas purchases of steel, stainless, when their volume decreased by -19% to 2.5K tons. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports attained the peak of 3.1K tons, and then shrank significantly in the following year.
In value terms, imports of steel, stainless rose to $13M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Steel, Stainless; Angles, Shapes and Sections in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.0 | 5.4 | 8.9 | 10.1 | 26.4% |
| China | 0.5 | 0.6 | 0.6 | 1.7 | 50.4% |
| Italy | 1.1 | 0.7 | 1.3 | 0.5 | -23.1% |
| Japan | 0.8 | 0.6 | 0.9 | 0.3 | -27.9% |
| Others | 0.9 | 1.1 | 0.8 | 0.5 | -17.8% |
| Total | 8.3 | 8.4 | 12.6 | 13.1 | 16.4% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Australia in 2022:
- India (1916.7 tons)
- China (390.9 tons)
- Italy (83.8 tons)
- Japan (51.2 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Australia
In 2022, exports of steel, stainless from Australia declined rapidly to 24 tons, with a decrease of -63.6% on the previous year. Overall, exports saw a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year.
In value terms, exports of steel, stainless skyrocketed to $222K in 2022. Over the period under review, exports showed a sharp decrease.
| Export of Steel, Stainless; Angles, Shapes and Sections in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 47.8 | 76.8 | 96.0 | 131 | 39.9% |
| Canada | N/A | N/A | N/A | 45.7 | 0% |
| Cote d'Ivoire | 11.7 | N/A | N/A | 12.7 | 2.8% |
| Solomon Islands | N/A | 1.3 | N/A | 9.6 | 171.7% |
| New Zealand | 194 | 64.3 | 17.7 | 1.5 | -80.2% |
| Fiji | 61.1 | N/A | 1.9 | N/A | -82.4% |
| Indonesia | 384 | 4.7 | N/A | N/A | -98.8% |
| Singapore | 73.5 | 92.3 | N/A | N/A | 25.6% |
| Iraq | N/A | N/A | 18.8 | N/A | 0% |
| Others | 72.9 | 88.9 | 45.5 | 21.4 | -33.5% |
| Total | 845 | 328 | 180 | 222 | -36.0% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Australia in 2022:
- Papua New Guinea (14.0 tons)
- Canada (6.9 tons)
- Cote d'Ivoire (2.1 tons)
- Solomon Islands (0.7 tons)
- New Zealand (0.2 tons)
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