Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan (FOB) - 2023
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan (CIF) - 2023
- Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan (FOB) - 2023
The average export price for steel, alloy stood at $3,035 per ton in November 2023, shrinking by -2.9% against the previous month. Over the period under review, the export price showed a noticeable curtailment. The growth pace was the most rapid in December 2022 an increase of 1.9% month-to-month. As a result, the export price attained the peak level of $4,090 per ton. From January 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($4,176 per ton), while the average price for exports to South Korea ($2,195 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.6%), while the prices for the other major destinations experienced a decline.
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan (CIF) - 2023
In November 2023, the average import price for steel, alloy amounted to $2,793 per ton, with an increase of 25% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $2,955 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to November 2023, the rate of growth in terms of prices for China amounted to +0.2% per month.
Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan
For the fourth year in a row, Japan recorded growth in shipments abroad of steel, alloy, which increased by 4.8% to 315K tons in 2022. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of steel, alloy skyrocketed to $1.1B in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 113 | 100 | 123 | 232 | 27.1% |
Turkey | 69.6 | 54.0 | 99.8 | 175 | 36.0% |
India | 106 | 62.4 | 105 | 164 | 15.7% |
Netherlands | 6.5 | 0.4 | 28.3 | 99.6 | 148.4% |
Austria | 15.5 | 25.4 | 25.2 | 67.6 | 63.4% |
United States | 31.2 | 35.0 | 34.7 | 66.7 | 28.8% |
Canada | 4.8 | 13.0 | 31.8 | 46.2 | 112.7% |
Taiwan (Chinese) | 17.9 | 31.6 | 16.7 | 37.5 | 28.0% |
South Korea | 10.9 | 14.8 | 15.6 | 27.0 | 35.3% |
Vietnam | 24.8 | 17.6 | 26.1 | 21.6 | -4.5% |
Thailand | 15.6 | 5.2 | 6.3 | 13.8 | -4.0% |
United Arab Emirates | 2.4 | 8.8 | 9.7 | 11.4 | 68.1% |
Belgium | 34.0 | 41.4 | 36.5 | 10.3 | -32.8% |
Others | 48.9 | 52.2 | 70.1 | 101 | 27.4% |
Total | 501 | 463 | 629 | 1,073 | 28.9% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from Japan in 2022:
- Mexico (70.5K tons)
- Turkey (51.2K tons)
- India (44.7K tons)
- Netherlands (30.8K tons)
- Austria (18.9K tons)
- United States (18.5K tons)
- Canada (12.1K tons)
- Taiwan (Chinese) (10.9K tons)
- South Korea (10.1K tons)
- Vietnam (6.4K tons)
- United Arab Emirates (5.1K tons)
- Thailand (3.6K tons)
- Belgium (3.4K tons)
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan
In 2022, approx. 396 tons of steel, alloy were imported into Japan; declining by -58.4% compared with 2021. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 22%.
In value terms, imports of steel, alloy declined notably to $922K in 2022. In general, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year.
Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.6 | 1.4 | 2.0 | 0.9 | -29.8% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.6 | 1.4 | 2.0 | 0.9 | -29.8% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Japan in 2022:
- China (396.4 tons)
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