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

Contents:

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

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

The average import price for steel, alloy stood at $2,864 per ton in 2022, rising by 22% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +106.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 68% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,538 per ton), while the price for Australia ($1,309 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.8%), 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 South Africa (FOB) - 2022

The average export price for steel, alloy stood at $845 per ton in 2022, reducing by -14.3% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2020 an increase of 269% against the previous year. Over the period under review, the average export prices reached the maximum at $3,360 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($2,031 per ton), while the average price for exports to Zambia stood at $336 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+55.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, overseas purchases of steel, alloy increased by 18% to 1.2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a sharp decline.

In value terms, imports of steel, alloy soared to $3.3M in 2022. Overall, imports, however, showed a abrupt descent.

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

1. China (351.0 tons)
2. Russia (282.6 tons)
3. United Arab Emirates (244.0 tons)
4. Germany (81.6 tons)
5. Brazil (73.2 tons)
6. Belgium (51.8 tons)
7. Japan (41.0 tons)
8. Australia (26.5 tons)
9. India (7.7 tons)

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

In 2022, exports of steel, alloy from South Africa reduced remarkably to 9.7 tons, with a decrease of -75% on the previous year's figure. Overall, exports faced a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 80,635%.

In value terms, exports of steel, alloy dropped notably to $8.2K in 2022. In general, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 30,696%.

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

1. Zambia (6.8 tons)
2. Australia (2.9 tons)

Source: IndexBox Market Intelligence Platform