Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Thailand - 2024

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Thailand (CIF) - 2024
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Thailand (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Thailand
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Thailand

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Thailand (CIF) - 2024

In February 2024, the average import price for steel, alloy amounted to $1,958 per ton, with a decrease of -11.1% against the previous month. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 11% month-to-month. As a result, import price reached the peak level of $3,942 per ton. From May 2023 to February 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Japan ($3,629 per ton), while the price for China ($1,903 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Japan (-2.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for steel, alloy stood at $3,540 per ton in 2022, surging by 640% against the previous year. Overall, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($4,412 per ton), while the average price for exports to Indonesia totaled $2,587 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+823.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, supplies from abroad of steel, alloy decreased by -0.7% to 15K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, imports reached the peak of 16K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of steel, alloy skyrocketed to $53M in 2022. Over the period under review, imports, however, enjoyed a significant increase. As a result, imports reached 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 Thailand in 2022:

1. China (10.5K tons)
2. Japan (3.5K tons)
3. South Korea (0.3K tons)
4. India (0.2K tons)
5. France (0.2K tons)
6. Germany (0.2K tons)

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

In 2022, the amount of steel, alloy exported from Thailand surged to 186 tons, growing by 1,261% on the year before. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, alloy soared to $658K in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Vietnam (97.0 tons)
2. Indonesia (88.8 tons)

Source: IndexBox Market Intelligence Platform