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

Contents:

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

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

In December 2023, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $2,100 per ton, rising by 16% against the previous month. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Sweden ($2,552 per ton) and the UK ($1,852 per ton), while the price for the Netherlands ($1,796 per ton) and Finland ($1,822 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.9%), 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 Ireland (FOB) - 2023

The average export price for alloy steel flat-rolled products, of a width 600mm or mores stood at $2,249 per ton in December 2023, approximately mirroring the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 28% against the previous month. Over the period under review, the average export prices hit record highs at $2,399 per ton in September 2023; however, from October 2023 to December 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From December 2022 to December 2023, the rate of growth in terms of prices for the UK amounted to +0.4% per month.

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

In 2022, imports of alloy steel flat-rolled products, of a width 600mm or mores into Ireland was estimated at 24K tons, picking up by 3.7% against the year before. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 397% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores soared to $50M in 2022. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 531% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. United Kingdom (22.2K tons)
2. Finland (1.0K tons)
3. Netherlands (0.4K tons)
4. Sweden (0.1K tons)

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

Exports of alloy steel flat-rolled products, of a width 600mm or mores from Ireland dropped to 3.7K tons in 2022, falling by -10.1% against the previous year. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 13%.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores shrank markedly to $8.4M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 91%. As a result, the exports attained the peak of $9.8M, and then reduced dramatically in the following year.

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

1. United Kingdom (3.6K tons)
2. Lithuania (0.1K tons)

Source: IndexBox Market Intelligence Platform