Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belgium - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belgium (FOB) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belgium (CIF) - 2023
3. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belgium
4. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belgium

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belgium (FOB) - 2023

In December 2023, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,418 per ton, approximately mirroring the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 11% m-o-m. As a result, the export price attained the peak level of $1,607 per ton. From May 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2,240 per ton), while the average price for exports to Poland ($1,135 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belgium (CIF) - 2023

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,350 per ton in December 2023, rising by 4.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 19% month-to-month. The import price peaked at $1,511 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($2,689 per ton), while the price for the Netherlands ($1,033 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belgium

In 2022, after three years of growth, there was decline in overseas shipments of alloy steel flat-rolled products, of a width 600mm or mores, when their volume decreased by -1.9% to 2M tons. The total export volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores surged to $2.9B in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.5% 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 +88.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Belgium in 2022:

1. Germany (513.0K tons)
2. France (252.3K tons)
3. Netherlands (141.0K tons)
4. Mexico (119.7K tons)
5. Turkey (112.1K tons)
6. United Kingdom (88.2K tons)
7. United States (82.9K tons)
8. Spain (77.5K tons)
9. Italy (71.7K tons)
10. Canada (59.2K tons)
11. Poland (52.4K tons)
12. South Africa (51.5K tons)
13. Sweden (50.9K tons)

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belgium

After three years of growth, purchases abroad of alloy steel flat-rolled products, of a width 600mm or mores decreased by -9% to 1M tons in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 +46.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores surged to $1.4B in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 64%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Belgium in 2022:

1. Germany (433.9K tons)
2. Netherlands (180.0K tons)
3. France (168.1K tons)
4. United Kingdom (82.1K tons)
5. China (71.3K tons)
6. Sweden (29.6K tons)
7. India (24.7K tons)

Source: IndexBox Market Intelligence Platform