Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Austria - 2023

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Austria (CIF) - 2023
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Austria (FOB) - 2023
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Austria
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Austria

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Austria (CIF) - 2023

In December 2023, the average import price for steel, alloy amounted to $3,935 per ton, therefore, remained relatively stable against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 7.9% against the previous month. The import price peaked at $4,551 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Netherlands ($4,700 per ton), while the price for the Czech Republic ($3,034 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Austria (FOB) - 2023

In November 2023, the average export price for steel, alloy amounted to $5,329 per ton, surging by 8.4% against the previous month. Over the period under review, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 322% month-to-month. The export price peaked at $5,446 per ton in August 2023; however, from September 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Germany ($5,391 per ton), while the average price for exports to Switzerland stood at $3,396 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Austria

In 2022, approx. 41K tons of steel, alloy were imported into Austria; jumping by 55% against the previous year. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, alloy soared to $125M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Austria in 2022:

1. Japan (15.9K tons)
2. Germany (9.7K tons)
3. Poland (5.8K tons)
4. Slovenia (4.7K tons)
5. Czech Republic (2.2K tons)
6. Netherlands (1.3K tons)
7. France (1.3K tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Austria

Exports of steel, alloy from Austria skyrocketed to 1.9K tons in 2022, picking up by 403% against 2021 figures. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,187% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of steel, alloy surged to $5.1M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,153%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from Austria in 2022:

1. Italy (1913.8 tons)
2. Croatia (2.1 tons)

Source: IndexBox Market Intelligence Platform