Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia (CIF) - 2024
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia (FOB) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia (CIF) - 2024
The average import price for steel, alloy stood at $3,763 per ton in January 2024, reducing by -3.6% against the previous month. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 5.7% against the previous month. The import price peaked at $4,954 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the highest price was recorded for prices from Singapore ($4,252 per ton) and Vietnam ($3,974 per ton), while the price for Japan ($3,632 per ton) and India ($3,851 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Singapore (-1.2%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia (FOB) - 2022
In 2021, the average export price for steel, alloy amounted to $1,353 per ton, with an increase of 13% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 209% against the previous year. The export price peaked at $7,656 per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to 0.0% per year.
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia
In 2022, imports of steel, alloy into Australia soared to 11K tons, growing by 58% compared with 2021. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy soared to $30M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.9 | 6.0 | 8.4 | 14.5 | 28.1% |
| India | N/A | N/A | N/A | 7.9 | 0% |
| Singapore | 2.4 | 0.7 | 3.6 | 4.7 | 25.1% |
| South Korea | 3.8 | 3.8 | 2.6 | 1.6 | -25.0% |
| China | N/A | N/A | 0.6 | 1.5 | 150.0% |
| Others | 0.1 | 0.4 | 0.3 | 0.1 | 0.0% |
| Total | 13.3 | 10.9 | 15.5 | 30.3 | 31.6% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Australia in 2022:
- Japan (5.2K tons)
- India (2.6K tons)
- Singapore (1.9K tons)
- South Korea (0.5K tons)
- China (0.4K tons)
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia
In 2021, exports of steel, alloy from Australia dropped dramatically to 6.1 tons, waning by -97.9% on the previous year. In general, exports faced a sharp decline.
In value terms, exports of steel, alloy reduced remarkably to $8.3K in 2021. Over the period under review, exports saw a sharp reduction.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Malaysia | N/A | 8.3 | 0% | ||
| China | 342 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 342 | 8.3 | -97.6% | ||
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Australia in 2022:
- Malaysia (6.1 tons)
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