Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Norway - 2024

Contents:

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

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Norway (CIF) - 2024

In January 2024, the average import price for steel, alloy amounted to $4,378 per ton, waning by -9.3% against the previous month. In general, the import price recorded a slight slump. The pace of growth appeared the most rapid in April 2023 an increase of 8.6% m-o-m. Over the period under review, average import prices attained the peak figure at $5,576 per ton in June 2023; however, from July 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 Germany ($4,704 per ton) and China ($4,658 per ton), while the price for the Netherlands ($4,053 per ton) and France ($4,524 per ton) were amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+0.1%), 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 Norway (FOB) - 2022

In 2021, the average export price for steel, alloy amounted to $2,064 per ton, rising by 4.5% against the previous year. Overall, the export price showed a buoyant expansion. The export price peaked at $3,735 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +4.5% per year.

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

For the fourth year in a row, Norway recorded growth in overseas purchases of steel, alloy, which increased by 16% to 3.3K tons in 2022. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor 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 $13M in 2022. Over the period under review, imports posted 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 Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Norway in 2022:

1. Germany (1430.6 tons)
2. Netherlands (930.9 tons)
3. France (824.9 tons)
4. China (50.7 tons)

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

Exports of steel, alloy from Norway contracted markedly to 1.6 tons in 2021, falling by -85.7% on the previous year. Over the period under review, exports showed a dramatic shrinkage.

In value terms, exports of steel, alloy contracted remarkably to $3.2K in 2021. Overall, exports recorded a sharp decline.

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

1. Germany (1.6 tons)

Source: IndexBox Market Intelligence Platform