Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hungary - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hungary (CIF) - 2023
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hungary (FOB) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hungary
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hungary
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hungary (CIF) - 2023
The average import price for steel, alloy stood at $4,818 per ton in November 2023, shrinking by -2% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in December 2022 an increase of 17% m-o-m. The import price peaked at $5,153 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($5,382 per ton), while the price for Poland ($3,181 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.9%), 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 Hungary (FOB) - 2022
In 2022, the average export price for steel, alloy amounted to $932 per ton, jumping by 68% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, alloy increased by +78.2% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.6% per year.
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hungary
In 2022, approx. 14K tons of steel, alloy were imported into Hungary; jumping by 33% on the previous year's figure. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy surged to $53M in 2022. In general, imports saw 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 Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 15.4 | 15.0 | 20.0 | 29.9 | 24.8% |
| Germany | 2.5 | 2.5 | 2.8 | 17.9 | 92.7% |
| Poland | 3.9 | 3.0 | 2.5 | 3.3 | -5.4% |
| Netherlands | N/A | 0.3 | 1.5 | 1.9 | 151.7% |
| Czech Republic | N/A | 0.4 | 1.0 | 0.2 | -29.3% |
| Others | 1.2 | 0.8 | 0.4 | 0.1 | -56.3% |
| Total | 23.0 | 22.0 | 28.3 | 53.3 | 32.3% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Hungary in 2022:
- Austria (8.4K tons)
- Germany (4.2K tons)
- Poland (1.1K tons)
- Netherlands (0.4K tons)
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hungary
In 2022, the amount of steel, alloy exported from Hungary skyrocketed to 268 tons, rising by 39% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 105% against the previous year.
In value terms, exports of steel, alloy skyrocketed to $250K in 2022. Overall, exports, however, continue to indicate a deep downturn.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 222 | 32.2 | 106 | 242 | 2.9% |
| China | 89.2 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 16.9 | 0.6 | 7.7 | 237.7% |
| Total | 312 | 49.1 | 107 | 250 | -7.1% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Hungary in 2022:
- India (265.5 tons)
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