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

Contents:

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

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

The average import price for steel, alloy stood at $3,347 per ton in June 2023, with an increase of 31% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $3,824 per ton in November 2022; however, from December 2022 to June 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Russia ($3,626 per ton), while the price for the Czech Republic ($3,274 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+2.5%), 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 Morocco (FOB) - 2023

The average export price for steel, alloy stood at $2,180 per ton in March 2023, standing approximately at the previous month. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in June 2022 when the average export price increased by 111% m-o-m. As a result, the export price reached the peak level of $4,457 per ton. From July 2022 to March 2023, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From March 2022 to March 2023, the rate of growth in terms of prices for Italy amounted to -5.5% per month.

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

Imports of steel, alloy into Morocco shrank to 2.5K tons in 2022, remaining constant against 2021 figures. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 202%. As a result, imports reached the peak of 2.5K tons, and then reduced modestly in the following year.

In value terms, imports of steel, alloy surged to $8.4M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 291%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (906.4 tons)
2. France (318.4 tons)
3. South Korea (312.7 tons)
4. Netherlands (285.3 tons)
5. India (205.3 tons)
6. Russia (111.1 tons)
7. Czech Republic (100.7 tons)
8. Germany (88.3 tons)

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

In 2022, exports of steel, alloy from Morocco declined markedly to 355 tons, shrinking by -31.6% against the previous year. Over the period under review, exports saw a dramatic contraction.

In value terms, exports of steel, alloy surged to $1.3M in 2022. In general, exports recorded a sharp reduction.

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

1. Italy (355.5 tons)

Source: IndexBox Market Intelligence Platform