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

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Egypt (CIF) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Egypt (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Egypt
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Egypt

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

In December 2023, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $2,501 per ton, rising by 20% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 54% against the previous month. Over the period under review, average import prices reached the peak figure at $3,563 per ton in September 2023; however, from October 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($3,532 per ton), while the price for Belgium ($1,485 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 India (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Egypt (FOB) - 2022

In 2021, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,127 per ton, which is down by -9.9% against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The export price peaked at $1,814 per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sudan ($1,132 per ton), while the average price for exports to Jordan stood at $1,033 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+0.9%).

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

Imports of alloy steel flat-rolled products, of a width 600mm or mores into Egypt dropped dramatically to 10K tons in 2022, shrinking by -16.3% compared with 2021 figures. Overall, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 112%. As a result, imports reached the peak of 12K tons, and then declined markedly in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores skyrocketed to $24M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 198%. 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 Egypt in 2022:

1. China (5005.2 tons)
2. India (1177.5 tons)
3. Russia (1141.7 tons)
4. Turkey (831.5 tons)
5. Sweden (770.3 tons)
6. Japan (346.4 tons)
7. United Arab Emirates (185.8 tons)
8. Germany (143.9 tons)
9. Belgium (113.5 tons)
10. South Korea (62.1 tons)

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

In 2021, after two years of growth, there was significant decline in overseas shipments of alloy steel flat-rolled products, of a width 600mm or mores, when their volume decreased by -83.4% to 39 tons. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 287%. As a result, the exports attained the peak of 232 tons, and then dropped significantly in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores dropped remarkably to $43K in 2021. In general, exports saw a sharp contraction. The growth pace was the most rapid in 2020 when exports increased by 167%. As a result, the exports attained the peak of $290K, and then fell markedly in the following year.

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

1. Sudan (36.5 tons)
2. Jordan (2.1 tons)

Source: IndexBox Market Intelligence Platform