Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Romania - 2023

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Romania (FOB) - 2023
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Romania (CIF) - 2022
3. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Romania
4. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Romania

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Romania (FOB) - 2023

In August 2023, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $5,338 per ton, growing by 2.1% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in April 2023 when the average export price increased by 7.9% m-o-m. As a result, the export price reached the peak level of $5,498 per ton. From May 2023 to August 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was the UK ($7,544 per ton), while the average price for exports to Turkey ($3,952 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Romania (CIF) - 2022

In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $5,628 per ton, rising by 45% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel; flat-rolled products of width less than 600mms increased by +65.7% against 2020 indices. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was Japan ($23,636 per ton), while the price for Taiwan (Chinese) ($2,784 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Romania

In 2022, exports of stainless steel; flat-rolled products of width less than 600mms from Romania fell slightly to 76K tons, waning by -3.3% compared with the previous year. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 78K tons, and then shrank in the following year.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $384M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +67.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Romania in 2022:

1. Germany (32.4K tons)
2. Sweden (8.1K tons)
3. Italy (7.9K tons)
4. Slovakia (4.3K tons)
5. Denmark (3.3K tons)
6. Hungary (3.1K tons)
7. Czech Republic (2.5K tons)
8. Poland (2.2K tons)
9. United States (2.1K tons)
10. Turkey (1.2K tons)
11. Spain (1.0K tons)

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Romania

In 2022, after three years of growth, there was decline in supplies from abroad of stainless steel; flat-rolled products of width less than 600mms, when their volume decreased by -4.3% to 14K tons. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, imports reached the peak of 15K tons, and then declined slightly in the following year.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms surged to $81M in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Romania in 2022:

1. Italy (5.8K tons)
2. Germany (2.1K tons)
3. Taiwan (Chinese) (1.4K tons)
4. Turkey (1.3K tons)
5. South Korea (1.1K tons)
6. Japan (0.7K tons)
7. France (0.6K tons)

Source: IndexBox Market Intelligence Platform