Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Russia - 2022

Contents:

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

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Russia (FOB) - 2022

The average export price for steel, alloy stood at $2,606 per ton in 2022, surging by 39% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,458 per ton), while the average price for exports to India ($1,469 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Russia (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $3,535 per ton, with an increase of 11% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy increased by +58.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43% against the previous year. The import price peaked at $3,548 per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($3,715 per ton), while the price for Vietnam amounted to $2,678 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

Exports of steel, alloy from Russia shrank markedly to 2.4K tons in 2022, reducing by -59.2% compared with 2021 figures. Over the period under review, exports saw a sharp contraction. The smallest decline of -18.2% was in 2020.

In value terms, exports of steel, alloy fell dramatically to $6.4M in 2022. Overall, exports showed a dramatic slump. The smallest decline of -4.4% was in 2020.

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

1. Spain (414.2 tons)
2. United Arab Emirates (286.3 tons)
3. South Africa (282.6 tons)
4. Turkey (220.0 tons)
5. Singapore (212.4 tons)
6. Lebanon (206.0 tons)
7. China (199.1 tons)
8. Germany (118.7 tons)
9. United States (84.7 tons)
10. India (82.5 tons)
11. Italy (67.9 tons)
12. Morocco (61.5 tons)
13. Mexico (49.3 tons)

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

In 2022, imports of steel, alloy into Russia contracted remarkably to 1 tons, dropping by -98.5% against the previous year. In general, imports showed a precipitous setback. The smallest decline of -20.1% was in 2020.

In value terms, imports of steel, alloy contracted rapidly to $3.5K in 2022. Overall, imports recorded a precipitous shrinkage. The smallest decline of -28.1% was in 2020.

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

1. Czech Republic (813.0 kg)
2. Vietnam (180.0 kg)
3. China (8.0 kg)

Source: IndexBox Market Intelligence Platform