Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Mexico - 2023

Contents:

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

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Mexico (CIF) - 2023

The average import price for steel, alloy stood at $3,084 per ton in December 2023, shrinking by -13.8% against the previous month. Over the period under review, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 13% m-o-m. As a result, import price attained the peak level of $4,525 per ton. From February 2023 to December 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,025 per ton), while the price for China amounted to $2,645 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.0%).

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Mexico (FOB) - 2023

The average export price for steel, alloy stood at $4,703 per ton in November 2023, remaining relatively unchanged against the previous month. Overall, the export price enjoyed mild growth. The most prominent rate of growth was recorded in February 2023 an increase of 22% against the previous month. The export price peaked at $4,747 per ton in April 2023; afterwards, it flattened through to November 2023.

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

From November 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to +1.8% per month.

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Mexico

In 2022, purchases abroad of steel, alloy increased by 247% to 5.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a deep reduction.

In value terms, imports of steel, alloy surged to $20M in 2022. Overall, imports, however, saw a noticeable decrease.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Mexico in 2022:

1. United States (4.7K tons)
2. Germany (0.2K tons)
3. China (0.2K tons)

Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Mexico

In 2022, shipments abroad of steel, alloy decreased by -66.3% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 18%. As a result, the exports attained the peak of 5.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of steel, alloy reduced dramatically to $4M in 2022. Overall, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, the exports reached the peak of $9.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Mexico in 2022:

1. United States (1.2K tons)

Source: IndexBox Market Intelligence Platform