Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Australia - 2024

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Australia (CIF) - 2024
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Australia (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Australia
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Australia

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Australia (CIF) - 2024

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $5,767 per ton in August 2023, shrinking by -35.2% against the previous month. Over the period under review, the import price, however, recorded slight growth. The pace of growth appeared the most rapid in May 2023 an increase of 174% against the previous month. As a result, import price attained the peak level of $11,770 per ton. From June 2023 to August 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($16,066 per ton), while the price for Taiwan (Chinese) ($2,779 per ton) was amongst the lowest.

From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Australia (FOB) - 2022

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $7,573 per ton in 2022, with an increase of 15% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices hit record highs at $10,329 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($17,829 per ton), while the average price for exports to the United States ($5,258 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 Fiji (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Australia

In 2022, approx. 641 tons of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were imported into Australia; surging by 29% compared with 2021 figures. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 101%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $4.1M in 2022. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 96% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Australia in 2022:

1. South Korea (204.3 tons)
2. Taiwan (Chinese) (144.7 tons)
3. Netherlands (141.5 tons)
4. China (115.3 tons)
5. Germany (11.0 tons)
6. United States (9.0 tons)
7. Malaysia (4.5 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Australia

After two years of decline, shipments abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by 32% to 44 tons in 2022. Over the period under review, exports, however, continue to indicate a precipitous contraction.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $332K in 2022. Overall, exports, however, continue to indicate a abrupt decline.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Australia in 2022:

1. United States (17.6 tons)
2. Singapore (11.1 tons)
3. Papua New Guinea (8.6 tons)
4. New Caledonia (2.7 tons)
5. New Zealand (1.7 tons)