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

Contents:

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

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

In 2022, the average import price for steel, alloy amounted to $3,361 per ton, surging by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2015 an increase of 39%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($3,585 per ton) and Poland ($3,384 per ton), while the price for Russia ($2,975 per ton) and Germany ($3,100 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for steel, alloy stood at $3,526 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of 27%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($3,750 per ton), while the average price for exports to Bulgaria totaled $3,491 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+20.5%).

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

For the fourth consecutive year, Serbia recorded growth in supplies from abroad of steel, alloy, which increased by 29% to 398 tons in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 147%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of steel, alloy skyrocketed to $1.3M in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 219% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Poland (161.8 tons)
2. Turkey (116.2 tons)
3. Germany (66.9 tons)
4. Russia (29.0 tons)
5. France (22.0 tons)
6. Italy (2.4 tons)

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

For the third consecutive year, Serbia recorded decline in shipments abroad of steel, alloy, which decreased by 0% to 328 tons in 2022. Overall, exports continue to indicate significant growth. The smallest decline of -84.3% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of steel, alloy totaled $1.2M in 2022. In general, exports saw a significant increase. The smallest decline of -87.9% was in 2020. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.

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

1. Bulgaria (284.1 tons)
2. North Macedonia (44.0 tons)

Source: IndexBox Market Intelligence Platform