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

Contents:

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

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

In July 2023, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $987 per ton, with an increase of 84% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $1,227 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($1,432 per ton), while the price for China ($876 per ton) was amongst the lowest.

From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+5.9%), 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 Pakistan (FOB) - 2022

In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $984 per ton, reducing by -6.5% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $3,119 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($2,013 per ton), while the average price for exports to Afghanistan ($870 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+153.5%).

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

In 2022, purchases abroad of alloy steel flat-rolled products, of a width 600mm or mores decreased by -85.3% to 103K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a dramatic contraction. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores fell notably to $98M in 2022. Overall, imports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of $469M, and then plummeted in the following year.

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

1. China (38.7K tons)
2. Germany (4.6K tons)
3. Japan (4.5K tons)
4. France (4.0K tons)
5. Canada (2.9K tons)
6. Australia (2.0K tons)
7. Singapore (1.9K tons)
8. United States (1.9K tons)
9. New Zealand (1.9K tons)
10. Indonesia (1.5K tons)
11. Russia (1.5K tons)

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

In 2022, approx. 1.1K tons of alloy steel flat-rolled products, of a width 600mm or mores were exported from Pakistan; shrinking by -48.9% on the year before. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 343,452% against the previous year. As a result, the exports reached the peak of 2.2K tons, and then fell rapidly in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores contracted rapidly to $1.1M in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 115,734% against the previous year. As a result, the exports reached the peak of $2.3M, and then shrank markedly in the following year.

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

1. Afghanistan (1003.1 tons)
2. Turkey (110.9 tons)

Source: IndexBox Market Intelligence Platform