Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in India - 2023

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in India (FOB) - 2023
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in India (CIF) - 2023
3. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in India
4. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in India

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in India (FOB) - 2023

In November 2023, the average export price for steel, alloy amounted to $540 per ton, declining by -89.5% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 1,391% month-to-month. As a result, the export price attained the peak level of $8,235 per ton. From October 2023 to November 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 the UK.

From November 2022 to November 2023, the rate of growth in terms of prices for Vietnam amounted to +0.2% per month.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in India (CIF) - 2023

In November 2023, the average import price for steel, alloy amounted to $762 per ton, shrinking by -1.9% against the previous month. In general, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 14% against the previous month. Over the period under review, average import prices attained the maximum at $969 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,384 per ton), while the price for China ($705 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.5%), while the prices for the other major suppliers experienced a decline.

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in India

In 2022, after two years of decline, there was significant growth in overseas shipments of steel, alloy, when their volume increased by 4,768% to 1.3M tons. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, alloy surged to $787M in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from India in 2022:

1. Vietnam (602.9K tons)
2. United Arab Emirates (207.2K tons)
3. Nepal (185.6K tons)
4. Turkey (90.2K tons)
5. Italy (59.6K tons)
6. Saudi Arabia (30.3K tons)
7. South Africa (23.6K tons)
8. Thailand (12.2K tons)

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in India

In 2022, imports of steel, alloy into India expanded markedly to 335K tons, surging by 15% against 2021. Over the period under review, imports, however, saw a noticeable setback. The growth pace was the most rapid in 2021 with an increase of 23%.

In value terms, imports of steel, alloy surged to $311M in 2022. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 74%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to India in 2022:

1. South Korea (164.3K tons)
2. Japan (83.4K tons)
3. China (81.5K tons)

Source: IndexBox Market Intelligence Platform