Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Mexico - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Mexico (CIF) - 2023
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Mexico
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Mexico (CIF) - 2023
In December 2023, the average import price for steel, alloy amounted to $2,918 per ton, with a decrease of -4.1% against the previous month. Overall, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in February 2023 an increase of 8.1% against the previous month. As a result, import price attained the peak level of $4,052 per ton. From March 2023 to December 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from the United States ($4,082 per ton) and Poland ($3,038 per ton), while the price for China ($2,788 per ton) and Japan ($2,968 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 the United States (+1.5%), 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 Mexico
Imports of steel, alloy into Mexico soared to 127K tons in 2022, with an increase of 21% compared with 2021. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy surged to $408M in 2022. Over the period under review, imports enjoyed 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.7 | 76.6 | 103 | 191 | 61.1% |
| Japan | 101 | 91.6 | 68.0 | 137 | 10.7% |
| Poland | 21.2 | 7.7 | 3.4 | 30.5 | 12.9% |
| United States | 1.5 | 2.6 | 4.3 | 24.1 | 152.3% |
| Russia | 20.1 | 12.0 | 14.6 | 20.0 | -0.2% |
| South Korea | 10.5 | 6.9 | 2.9 | 4.6 | -24.1% |
| Others | 4.4 | 2.5 | 0.4 | N/A | -69.8% |
| Total | 205 | 200 | 196 | 408 | 25.8% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Mexico in 2022:
- China (58.2K tons)
- Japan (44.6K tons)
- Poland (8.4K tons)
- United States (7.2K tons)
- Russia (6.5K tons)
- South Korea (1.5K tons)
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