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

Contents:

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

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

In February 2023, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $1,044 per ton, dropping by -14.6% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 18% m-o-m. As a result, import price attained the peak level of $1,288 per ton. From November 2022 to February 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In February 2023, the country with the highest price was Japan ($1,102 per ton), while the price for Spain ($751 per ton) was amongst the lowest.

From August 2022 to February 2023, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $13,975 per ton, declining by -31.3% against the previous year. In general, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2014 an increase of 1,132% against the previous year. Over the period under review, the average export prices hit record highs at $62,528 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($160,345 per ton), while the average price for exports to Angola ($8,551 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 (+688.6%), 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 Pakistan

In 2022, purchases abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -24.9% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 117% against the previous year. As a result, imports reached the peak of 9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s shrank rapidly to $1.3M in 2022. Overall, imports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 113% against the previous year. As a result, imports attained the peak of $9.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. China (921.6 tons)
2. Japan (207.1 tons)
3. Spain (63.0 tons)

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

For the fourth year in a row, Pakistan recorded growth in shipments abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, which increased by 521% to 1.5 tons in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $21K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Angola (1168.0 kg)
2. Chile (199.0 kg)
3. United Kingdom (50.0 kg)
4. Brazil (29.0 kg)
5. Tunisia (26.0 kg)