Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Norway - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Norway (CIF) - 2024
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Norway (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Norway
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Norway

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Norway (CIF) - 2024

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $2,830 per ton in September 2023, declining by -18.8% against the previous month. Over the period under review, the import price saw a mild descent. The growth pace was the most rapid in July 2023 an increase of 63% month-to-month. As a result, import price reached the peak level of $5,473 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($4,726 per ton), while the price for Finland ($1,114 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.1%), while the prices for the other major suppliers experienced a decline.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Norway (FOB) - 2022

The average export price for alloy steel flat-rolled products, of a width of less than 600mms stood at $1,927 per ton in 2022, increasing by 53% against the previous year. Overall, the export price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs at $2,274 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($15,440 per ton), while the average price for exports to Finland ($509 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 Poland (+23.5%), 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 Norway

In 2022, imports of alloy steel flat-rolled products, of a width of less than 600mms into Norway skyrocketed to 10K tons, picking up by 26% compared with the previous year. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms soared to $24M in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. Germany (2.7K tons)
2. Finland (2.6K tons)
3. Sweden (2.3K tons)
4. Netherlands (1.0K tons)
5. France (0.9K tons)
6. United Kingdom (0.4K tons)
7. United States (0.1K tons)

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

For the third consecutive year, Norway recorded decline in shipments abroad of alloy steel flat-rolled products, of a width of less than 600mms, which decreased by -43.4% to 630 tons in 2022. In general, exports saw a sharp reduction. The smallest decline of -21.7% was in 2020.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms declined to $1.2M in 2022. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 15%.

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

1. Sweden (497.3 tons)
2. Finland (57.1 tons)
3. Poland (54.4 tons)

Source: IndexBox Market Intelligence Platform