Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil (CIF) - 2024
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil (FOB) - 2024
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil
- Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil (CIF) - 2024
In February 2024, the average import price for steel, alloy amounted to $2,423 per ton, reducing by -5.7% against the previous month. Overall, the import price showed a perceptible contraction. The pace of growth was the most pronounced in December 2023 an increase of 7.4% month-to-month. Over the period under review, average import prices attained the peak figure at $3,461 per ton in March 2023; however, from April 2023 to February 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,913 per ton), while the price for Russia ($1,998 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil (FOB) - 2024
In February 2024, the average export price for steel, alloy amounted to $894 per ton, which is down by -26.2% against the previous month. In general, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in December 2023 an increase of 18% m-o-m. The export price peaked at $2,173 per ton in April 2023; however, from May 2023 to February 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In February 2024, the country with the highest price was Italy ($2,183 per ton), while the average price for exports to the United Arab Emirates ($677 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-0.9%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil
In 2022, the amount of steel, alloy imported into Brazil was estimated at 42K tons, with an increase of 12% compared with 2021 figures. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 56%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, imports of steel, alloy soared to $129M in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.4 | 9.1 | 20.3 | 83.8 | 135.7% |
Russia | 10.4 | 8.7 | 11.5 | 19.2 | 22.7% |
Japan | 0.4 | 0.1 | 1.8 | 8.7 | 179.1% |
United States | 0.1 | N/A | 1.3 | 5.7 | 284.9% |
South Korea | 19.7 | 30.2 | 24.3 | 4.5 | -38.9% |
Germany | 0.2 | 1.7 | 3.1 | 3.4 | 157.1% |
France | 2.9 | 0.3 | 4.2 | 2.2 | -8.8% |
Others | 0.3 | 0.2 | 1.7 | 1.1 | 54.2% |
Total | 40.3 | 50.2 | 68.3 | 129 | 47.4% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Brazil in 2022:
- China (27.5K tons)
- Russia (6.4K tons)
- Japan (2.3K tons)
- United States (2.1K tons)
- South Korea (1.6K tons)
- Germany (1.4K tons)
- France (0.5K tons)
Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil
Exports of steel, alloy from Brazil reduced remarkably to 3.5K tons in 2022, waning by -17.8% on the previous year. In general, exports faced a sharp decline. The smallest decline of -2.4% was in 2020.
In value terms, exports of steel, alloy skyrocketed to $7.7M in 2022. Over the period under review, exports showed a sharp decrease.
Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 3.6 | 3.7 | 1.4 | 2.6 | -10.3% |
United States | 3.7 | 1.4 | N/A | 1.5 | -26.0% |
South Korea | N/A | N/A | N/A | 1.2 | 0% |
Turkey | 0.6 | 0.2 | 0.1 | 1.1 | 22.4% |
Mexico | 1.8 | 0.5 | 0.4 | 0.3 | -45.0% |
Argentina | 3.1 | 2.0 | 0.9 | 0.3 | -54.1% |
Spain | N/A | N/A | N/A | 0.3 | 0% |
China | 1.8 | 3.8 | 1.6 | N/A | -5.7% |
Others | 1.2 | 0.8 | 1.4 | 0.3 | -37.0% |
Total | 15.8 | 12.4 | 5.8 | 7.7 | -21.3% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from Brazil in 2022:
- Italy (1276.7 tons)
- South Korea (698.3 tons)
- United States (519.9 tons)
- Turkey (472.5 tons)
- Mexico (137.9 tons)
- Argentina (134.8 tons)
- Spain (117.6 tons)
- China (21.1 tons)
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