Price for Steel Alloy Wire of Silico-Manganese Steel in China - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in China (FOB) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in China (CIF) - 2024
- Exports of Steel Alloy Wire of Silico-Manganese Steel in China
- Imports of Steel Alloy Wire of Silico-Manganese Steel in China
Price for Steel Alloy Wire of Silico-Manganese Steel in China (FOB) - 2024
In February 2024, the average export price for steel alloy wire of silico-manganese steels amounted to $891 per ton, approximately equating the previous month. In general, the export price, however, showed a slight decline. The most prominent rate of growth was recorded in April 2023 an increase of 2.3% against the previous month. The export price peaked at $1,034 per ton in February 2023; however, from March 2023 to February 2024, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In February 2024, the countries with the highest prices were the United States ($1,035 per ton) and the UK ($911 per ton), while the average price for exports to Turkey ($805 per ton) and Indonesia ($820 per ton) were amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.3%), while the prices for the other major destinations experienced a decline.
Price for Steel Alloy Wire of Silico-Manganese Steel in China (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $2,620 per ton in February 2024, declining by -2.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 21% month-to-month. The import price peaked at $2,930 per ton in May 2023; however, from June 2023 to February 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Japan ($4,407 per ton), while the price for Malaysia ($1,353 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Steel Alloy Wire of Silico-Manganese Steel in China
In 2022, the amount of steel alloy wire of silico-manganese steels exported from China declined slightly to 284K tons, waning by -3% against the year before. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. As a result, the exports reached the peak of 293K tons, and then contracted modestly in the following year.
In value terms, exports of steel alloy wire of silico-manganese steels contracted to $334M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of $349M, and then declined modestly in the following year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 36.9 | 29.8 | 39.1 | 42.6 | 4.9% |
| Brazil | 16.3 | 16.7 | 45.4 | 35.1 | 29.1% |
| Poland | 32.3 | 27.9 | 40.4 | 32.1 | -0.2% |
| United States | 30.9 | 21.6 | 20.0 | 21.7 | -11.1% |
| Indonesia | 13.4 | 8.7 | 14.6 | 19.4 | 13.1% |
| South Africa | 12.4 | 9.0 | 18.0 | 14.9 | 6.3% |
| Thailand | 8.6 | 8.6 | 18.7 | 14.3 | 18.5% |
| United Kingdom | 9.5 | 8.1 | 12.9 | 11.1 | 5.3% |
| Malaysia | 4.4 | 6.0 | 8.6 | 8.7 | 25.5% |
| Spain | 6.6 | 4.6 | 6.4 | 8.6 | 9.2% |
| Australia | 8.4 | 8.2 | 11.6 | 8.3 | -0.4% |
| Canada | 8.5 | 5.9 | 8.5 | 7.7 | -3.2% |
| South Korea | 4.6 | 3.8 | 6.8 | 7.5 | 17.7% |
| Others | 86.8 | 67.4 | 97.5 | 102 | 5.5% |
| Total | 280 | 226 | 349 | 334 | 6.1% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from China in 2022:
- Russia (38.0K tons)
- Poland (29.6K tons)
- Brazil (29.2K tons)
- Indonesia (18.0K tons)
- United States (16.5K tons)
- Thailand (12.9K tons)
- South Africa (11.6K tons)
- United Kingdom (9.6K tons)
- Spain (8.2K tons)
- Malaysia (7.1K tons)
- South Korea (6.9K tons)
- Australia (6.7K tons)
- Canada (5.4K tons)
Imports of Steel Alloy Wire of Silico-Manganese Steel in China
In 2022, purchases abroad of steel alloy wire of silico-manganese steels decreased by -32.2% to 11K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 4%. As a result, imports reached the peak of 18K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel alloy wire of silico-manganese steels dropped remarkably to $30M in 2022. In general, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 8.2%. As a result, imports reached the peak of $39M, and then shrank remarkably in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 15.1 | 15.6 | 16.9 | 14.4 | -1.6% |
| Japan | 9.0 | 8.6 | 10.8 | 8.5 | -1.9% |
| Malaysia | 7.1 | 6.0 | 4.8 | 2.9 | -25.8% |
| Germany | 0.2 | 0.1 | 0.6 | 1.2 | 81.7% |
| Austria | 0.8 | 0.6 | 1.0 | 1.1 | 11.2% |
| Czech Republic | 0.9 | 0.9 | 1.0 | 0.6 | -12.6% |
| Taiwan (Chinese) | 0.2 | 0.6 | 1.1 | 0.6 | 44.2% |
| Others | 1.8 | 3.6 | 2.6 | 1.1 | -15.1% |
| Total | 35.1 | 35.9 | 38.8 | 30.3 | -4.8% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to China in 2022:
- South Korea (5.3K tons)
- Japan (2.5K tons)
- Malaysia (1.9K tons)
- Taiwan (Chinese) (0.3K tons)
- Germany (0.3K tons)
- Czech Republic (0.2K tons)
- Austria (0.2K tons)
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