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

Contents:

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

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

In January 2024, the average import price for steel, alloy amounted to $2,673 per ton, declining by -9.1% against the previous month. Overall, the import price showed a noticeable decline. The growth pace was the most rapid in August 2023 an increase of 12% m-o-m. Over the period under review, average import prices reached the peak figure at $3,733 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In January 2024, the countries with the highest prices were France ($3,282 per ton) and the United Arab Emirates ($2,878 per ton), while the price for Brazil ($2,329 per ton) and China ($2,373 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 the United States (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, imports of steel, alloy into Paraguay declined to 1.2K tons, reducing by -12.7% against 2021 figures. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of 1.3K tons, and then shrank in the following year.

In value terms, imports of steel, alloy soared to $3.7M in 2022. Overall, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 74% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. China (414.8 tons)
2. India (375.2 tons)
3. United Arab Emirates (273.1 tons)
4. South Korea (41.5 tons)
5. Indonesia (40.0 tons)
6. Brazil (21.3 tons)

Source: IndexBox Market Intelligence Platform