Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Japan - 2023

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Japan (FOB) - 2023
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Japan (CIF) - 2022
3. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Japan
4. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Japan

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Japan (FOB) - 2023

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $10,767 per ton in July 2023, rising by 7.2% against the previous month. Over the period under review, export price indicated moderate growth from November 2022 to July 2023: its price increased at an average monthly rate of +3.4% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by +7.2% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 226% m-o-m. Over the period under review, the average export prices attained the peak figure at $11,709 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($21,802 per ton), while the average price for exports to Indonesia ($7,938 per ton) was amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $10,567 per ton in 2022, shrinking by -2.7% against the previous year. Over the period under review, the import price showed a pronounced descent. The pace of growth was the most pronounced in 2020 an increase of 25%. Over the period under review, average import prices attained the maximum at $13,190 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($46,944 per ton), while the price for Taiwan (Chinese) ($5,689 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s from Japan rose modestly to 7.5K tons in 2022, surging by 2.9% against 2021 figures. The total export volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s reduced to $57M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $66M, and then declined in the following year.

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

1. China (2535.7 tons)
2. Indonesia (1635.1 tons)
3. United States (736.7 tons)
4. India (702.1 tons)
5. Germany (516.2 tons)
6. Thailand (401.6 tons)
7. Taiwan (Chinese) (171.7 tons)
8. Malaysia (117.4 tons)

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

In 2022, purchases abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by 7.6% to 860 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a drastic downturn.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $9.1M in 2022. Over the period under review, imports, however, recorded a abrupt setback.

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

1. Thailand (383.5 tons)
2. Sweden (294.8 tons)
3. South Korea (99.9 tons)
4. Italy (46.0 tons)
5. United States (15.9 tons)
6. China (10.3 tons)