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

Contents:

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

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

In December 2023, the average import price for steel, alloy amounted to $4,187 per ton, waning by -3.9% against the previous month. In general, the import price saw a slight decrease. The pace of growth appeared the most rapid in February 2023 an increase of 5.4% against the previous month. The import price peaked at $5,195 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Germany ($4,527 per ton) and the United States ($4,495 per ton), while the price for Poland ($3,327 per ton) and Japan ($4,200 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (0.0%), while the prices for the other major suppliers experienced a decline.

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

For the fourth consecutive year, Croatia recorded growth in purchases abroad of steel, alloy, which increased by 33% to 19K tons in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% 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 +66.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, alloy surged to $73M in 2022. Overall, imports saw a significant increase. As a result, imports attained 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 Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/A0.57.726.3625.3%
Japan7.78.88.811.915.6%
South Korea4.06.67.411.642.6%
Poland1.93.53.55.643.4%
ChinaN/A2.24.45.456.7%
Netherlands0.2N/AN/A4.8188.4%
Czech Republic1.31.92.51.811.5%
Belgium7.85.0N/A1.8-38.7%
Others1.80.63.23.423.6%
Total24.729.037.572.643.2%

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

  1. Germany (6.0K tons)
  2. Japan (3.0K tons)
  3. South Korea (2.8K tons)
  4. Netherlands (1.6K tons)
  5. Poland (1.6K tons)
  6. China (1.2K tons)
  7. Belgium (0.8K tons)
  8. Czech Republic (0.6K tons)

Source: IndexBox Market Intelligence Platform

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