Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea - 2022
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea (FOB) - 2022
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea (CIF) - 2022
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea (FOB) - 2022
The average export price for steel, alloy stood at $1,520 per ton in 2022, reducing by -4.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $2,497 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,119 per ton), while the average price for exports to Paraguay ($887 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 Canada (+33.4%), 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 South Korea (CIF) - 2022
The average import price for steel, alloy stood at $2,312 per ton in 2022, increasing by 68% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +72.6% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,391 per ton), while the price for Japan stood at $2,030 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%).
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea
In 2022, overseas shipments of steel, alloy decreased by -63.1% to 3.8K tons, falling for the second consecutive year after two years of growth. Overall, exports faced a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 33% against the previous year. As a result, the exports reached the peak of 12K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel, alloy dropped dramatically to $5.7M in 2022. Over the period under review, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 3.4% against the previous year.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 0.3 | 3.2 | 1.3 | 108.2% |
| Indonesia | 3.8 | 1.8 | 2.8 | 1.2 | -31.9% |
| Colombia | 2.8 | 3.4 | 1.8 | 1.2 | -24.6% |
| China | 0.4 | 0.2 | 0.3 | 0.4 | 0.0% |
| Australia | 3.9 | 3.5 | 4.9 | 0.3 | -57.5% |
| Ecuador | 1.2 | 0.8 | 1.4 | 0.3 | -37.0% |
| Malaysia | 0.9 | 2.2 | 0.7 | 0.2 | -39.4% |
| Paraguay | 0.5 | 0.3 | 0.2 | 0.2 | -26.3% |
| Egypt | 1.1 | 1.2 | N/A | N/A | 9.1% |
| Others | 3.5 | 2.0 | 1.1 | 0.6 | -44.4% |
| Total | 18.0 | 15.8 | 16.4 | 5.7 | -31.8% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from South Korea in 2022:
- Indonesia (1156.9 tons)
- Canada (764.4 tons)
- Colombia (620.6 tons)
- Australia (197.4 tons)
- China (195.7 tons)
- Paraguay (175.7 tons)
- Ecuador (153.2 tons)
- Malaysia (105.2 tons)
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea
In 2022, after two years of decline, there was significant growth in supplies from abroad of steel, alloy, when their volume increased by 256% to 1.5K tons. Over the period under review, imports posted a resilient expansion. 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 $3.6M in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.9 | 3.7 | 42.4 | 2,897 | 275.1% |
| Japan | 1,489 | 854 | 531 | 631 | -24.9% |
| Pakistan | N/A | 121 | N/A | N/A | 0% |
| Others | 107 | 3.5 | 22.5 | 32.1 | -33.1% |
| Total | 1,651 | 983 | 596 | 3,561 | 29.2% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to South Korea in 2022:
- China (1211.9 tons)
- Japan (311.0 tons)
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