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

Contents:

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

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

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $3,111 per ton in September 2023, with an increase of 23% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($10,042 per ton), while the price for Brazil ($1,529 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In September 2023, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $1,887 per ton, which is down by -3.6% against the previous month. Overall, the export price recorded a mild setback. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 13% m-o-m. The export price peaked at $2,196 per ton in January 2023; however, from February 2023 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Switzerland ($2,198 per ton), while the average price for exports to India ($1,452 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of alloy steel flat-rolled products, of a width of less than 600mms into Italy fell to 102K tons in 2022, waning by -9.9% on 2021. Overall, imports continue to indicate a slight curtailment. The growth pace was the most rapid in 2021 when imports increased by 7.3% against the previous year. As a result, imports reached the peak of 113K tons, and then dropped in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms surged to $225M in 2022. Over the period under review, imports, however, posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (43.7K tons)
2. Russia (16.1K tons)
3. Slovenia (11.7K tons)
4. France (9.3K tons)
5. Austria (5.1K tons)
6. China (3.2K tons)
7. Belgium (2.1K tons)

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

In 2022, the amount of alloy steel flat-rolled products, of a width of less than 600mms exported from Italy rose notably to 78K tons, picking up by 14% against the year before. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.2% 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 +57.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms soared to $158M in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 113% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Germany (26.4K tons)
2. Czech Republic (10.5K tons)
3. Switzerland (7.8K tons)
4. Slovenia (4.7K tons)
5. Poland (4.0K tons)
6. Spain (3.9K tons)
7. France (2.8K tons)
8. Morocco (2.2K tons)
9. India (2.1K tons)
10. Slovakia (1.8K tons)
11. Austria (1.5K tons)
12. United Kingdom (1.0K tons)

Source: IndexBox Market Intelligence Platform