Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Saudi Arabia - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Saudi Arabia (CIF) - 2022
2. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Saudi Arabia

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Saudi Arabia (CIF) - 2022

In 2021, the average import price for steel, alloy amounted to $2,093 per ton, growing by 24% against the previous year. Overall, the import price, however, saw a pronounced curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $3,011 per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Korea ($2,285 per ton) and China ($2,159 per ton), while the price for India ($1,793 per ton) and Germany ($1,811 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.8%), 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 Saudi Arabia

In 2021, the amount of steel, alloy imported into Saudi Arabia surged to 9.1K tons, picking up by 44% compared with the previous year. In general, total imports indicated a significant increase from 2020 to 2021: its volume increased at an average annual rate of +43.8% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, alloy skyrocketed to $19M in 2021. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (5.2K tons)
2. South Korea (1.7K tons)
3. France (1.0K tons)
4. Germany (0.7K tons)
5. India (0.3K tons)

Source: IndexBox Market Intelligence Platform