Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in China - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in China (FOB) - 2024
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in China (CIF) - 2024
3. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in China
4. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in China

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in China (FOB) - 2024

In December 2023, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $930 per ton, remaining constant against the previous month. Over the period under review, the export price, however, saw a slight contraction. The pace of growth was the most pronounced in March 2023 an increase of 8.4% m-o-m. As a result, the export price attained the peak level of $1,145 per ton. From April 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 Mexico ($1,516 per ton), while the average price for exports to Saudi Arabia ($693 per ton) was amongst the lowest.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.4%), while the prices for the other major destinations experienced a decline.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in China (CIF) - 2024

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,104 per ton in December 2023, increasing by 4.3% against the previous month. Over the period under review, the import price, however, continues to indicate a slight reduction. The growth pace was the most rapid in April 2023 an increase of 9.9% m-o-m. As a result, import price reached the peak level of $1,352 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Sweden ($1,688 per ton), while the price for Russia ($704 per ton) was amongst the lowest.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, exports of alloy steel flat-rolled products, of a width 600mm or mores from China contracted significantly to 4.7M tons, shrinking by -59.7% on 2021 figures. Over the period under review, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 15%.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores fell markedly to $5.5B in 2022. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 69%. As a result, the exports attained the peak of $9.3B, and then shrank dramatically in the following year.

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

1. Thailand (821.8K tons)
2. Indonesia (540.6K tons)
3. Saudi Arabia (414.2K tons)
4. South Korea (360.3K tons)
5. Italy (287.1K tons)
6. Turkey (270.8K tons)
7. India (226.6K tons)
8. Vietnam (213.7K tons)
9. Mexico (151.4K tons)
10. United Arab Emirates (150.8K tons)
11. Colombia (121.1K tons)
12. Belgium (117.3K tons)
13. Brazil (106.5K tons)

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

In 2022, after three years of growth, there was decline in purchases abroad of alloy steel flat-rolled products, of a width 600mm or mores, when their volume decreased by -0.5% to 1.9M tons. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 18%.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores expanded markedly to $2.4B in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Japan (908.4K tons)
2. South Korea (501.4K tons)
3. Taiwan (Chinese) (104.2K tons)
4. Sweden (103.8K tons)
5. Germany (98.7K tons)
6. France (45.7K tons)
7. Austria (44.5K tons)

Source: IndexBox Market Intelligence Platform