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

Contents:

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

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

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $7,046 per ton, surging by 24% against the previous year. Over the period under review, export price indicated resilient 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, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by +102.7% against 2013 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($30,763 per ton), while the average price for exports to Turkey ($1,499 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 Germany (+6.5%), 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 Slovenia (CIF) - 2023

In August 2023, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $8,801 per ton, growing by 61% against the previous month. Overall, the import price saw a notable increase. The growth pace was the most rapid in January 2023 an increase of 351% m-o-m. As a result, import price attained the peak level of $30,037 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to August 2023, the rate of growth in terms of prices for China amounted to +52.5% per month.

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

In 2022, shipments abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -4.5% to 495 tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 75% against the previous year. As a result, the exports reached the peak of 537 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $3.5M in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 101% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. United States (113.7 tons)
2. Germany (94.6 tons)
3. Hungary (84.4 tons)
4. Austria (58.2 tons)
5. Serbia (43.3 tons)
6. Italy (36.0 tons)
7. Israel (27.6 tons)
8. Taiwan (Chinese) (15.0 tons)
9. Bosnia and Herzegovina (11.8 tons)

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

In 2022, supplies from abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s was finally on the rise to reach 158 tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $1.5M in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (37.7 tons)
2. Italy (33.5 tons)
3. Slovakia (28.0 tons)
4. Czech Republic (18.0 tons)
5. Turkey (15.7 tons)
6. Germany (11.4 tons)
7. China (6.3 tons)
8. Austria (5.5 tons)