Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hong Kong SAR - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hong Kong SAR (FOB) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hong Kong SAR (CIF) - 2023
3. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hong Kong SAR
4. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hong Kong SAR

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hong Kong SAR (FOB) - 2023

The average export price for alloy steel flat-rolled products, of a width of less than 600mms stood at $13,724 per ton in September 2023, jumping by 65% against the previous month. Overall, the export price showed a significant expansion. The most prominent rate of growth was recorded in July 2023 an increase of 578% m-o-m. As a result, the export price reached the peak level of $18,486 per ton. From August 2023 to September 2023, the the average export prices failed to regain momentum.

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

From November 2022 to September 2023, the rate of growth in terms of prices for China amounted to +23.1% per month.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hong Kong SAR (CIF) - 2023

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $10,484 per ton in September 2023, reducing by -64% against the previous month. Over the period under review, the import price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in April 2023 when the average import price increased by 144% m-o-m. Over the period under review, average import prices hit record highs at $29,128 per ton in August 2023, and then fell markedly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($152K per ton), while the price for China ($1,425 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hong Kong SAR

In 2022, the amount of alloy steel flat-rolled products, of a width of less than 600mms exported from Hong Kong SAR skyrocketed to 11K tons, with an increase of 176% compared with 2021 figures. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms surged to $34M in 2022. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 70% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from Hong Kong SAR in 2022:

1. China (10.8K tons)
2. Sri Lanka (0.1K tons)

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hong Kong SAR

In 2022, imports of alloy steel flat-rolled products, of a width of less than 600mms into Hong Kong SAR soared to 5.4K tons, with an increase of 93% compared with 2021 figures. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms surged to $25M in 2022. Overall, imports posted prominent growth. The growth pace was the most rapid in 2021 when imports increased by 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Hong Kong SAR in 2022:

1. Malaysia (1846.3 tons)
2. South Korea (1219.8 tons)
3. Singapore (1158.0 tons)
4. China (366.5 tons)
5. United Arab Emirates (293.7 tons)
6. Japan (254.1 tons)

Source: IndexBox Market Intelligence Platform