Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Luxembourg - 2023

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Luxembourg (FOB) - 2023
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Luxembourg (CIF) - 2022
3. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Luxembourg
4. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Luxembourg

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Luxembourg (FOB) - 2023

In August 2023, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,272 per ton, waning by -9.5% against the previous month. Over the period under review, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 1.2% m-o-m. Over the period under review, the average export prices attained the peak figure at $4,739 per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Australia ($103K per ton), while the average price for exports to Qatar ($12,636 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Luxembourg (CIF) - 2022

In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $5,053 per ton, shrinking by -2.8% against the previous year. Over the period under review, the import price showed a pronounced reduction. The growth pace was the most rapid in 2013 when the average import price increased by 40%. As a result, import price attained the peak level of $9,297 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($10,057 per ton), while the price for Germany ($4,415 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Luxembourg

For the fourth consecutive year, Luxembourg recorded growth in shipments abroad of stainless steel; flat-rolled products of width less than 600mms, which increased by 44% to 6K tons in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 549% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $26M in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 359% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Luxembourg in 2022:

1. Italy (2634.9 tons)
2. Germany (1764.5 tons)
3. Spain (1093.5 tons)
4. Poland (169.9 tons)
5. Mexico (85.2 tons)
6. Belgium (25.9 tons)
7. France (16.6 tons)

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Luxembourg

In 2022, approx. 1.5K tons of stainless steel; flat-rolled products of width less than 600mms were imported into Luxembourg; almost unchanged from the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms fell to $7.3M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $7.5M, and then contracted modestly in the following year.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Luxembourg in 2022:

1. Germany (1246.2 tons)
2. France (132.8 tons)
3. Belgium (45.7 tons)
4. Poland (13.6 tons)

Source: IndexBox Market Intelligence Platform