Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ghana - 2023

Contents:

  1. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ghana (CIF) - 2022
  2. Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ghana

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ghana (CIF) - 2022

In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $66,063 per ton, increasing by 1,932% against the previous year. Overall, the import price posted a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($45,800 per ton), while the price for the United States amounted to $1,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.2%), while the prices for the other major suppliers experienced a decline.

Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ghana

After two years of decline, supplies from abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -78.1% to 3.2 tons in 2022. Overall, imports faced a precipitous shrinkage.

In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $212K in 2022. In general, imports faced a precipitous curtailment.

Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom909N/AN/A105-51.3%
United States1.8N/AN/A0.3-45.0%
ChinaN/AN/A1.8N/A0%
FranceN/AN/A20.8N/A0%
India14.1N/AN/AN/A0%
TurkeyN/AN/A1.1N/A0%
Others925N/A23.8107-51.3%
Total1,850N/A47.5212-51.4%

Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Ghana in 2022:

  1. United Kingdom (2.3 tons)
  2. United States (0.2 tons)

Source: IndexBox Market Intelligence Platform

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