Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Chile - 2023

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Chile (CIF) - 2022
2. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Chile

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Chile (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $3,660 per ton, rising by 53% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy increased by +112.3% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($38,930 per ton), while the price for South Korea ($3,153 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Chile

In 2022, imports of steel, alloy into Chile contracted to 1.7K tons, which is down by -14.1% on 2021. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of 2K tons, and then fell in the following year.

In value terms, imports of steel, alloy surged to $6.2M in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 97%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Chile in 2022:

1. Poland (1065.8 tons)
2. China (226.9 tons)
3. United Arab Emirates (207.4 tons)
4. Netherlands (96.6 tons)
5. South Korea (50.7 tons)
6. Brazil (32.8 tons)
7. Argentina (6.7 tons)

Source: IndexBox Market Intelligence Platform