Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Turkey - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Turkey (CIF) - 2024
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Turkey (FOB) - 2024
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Turkey
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Turkey
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Turkey (CIF) - 2024
In January 2024, the average import price for steel, alloy amounted to $3,890 per ton, surging by 14% against the previous month. Overall, the import price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in August 2023 an increase of 33% m-o-m. Over the period under review, average import prices hit record highs at $5,149 per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($5,105 per ton), while the price for Belgium ($1,567 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+6.8%), 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 Turkey (FOB) - 2024
The average export price for steel, alloy stood at $3,929 per ton in January 2024, jumping by 21% against the previous month. In general, the export price, however, continues to indicate a slight decline. Over the period under review, the average export prices reached the peak figure at $5,277 per ton in May 2023; however, from June 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($5,307 per ton), while the average price for exports to South Africa ($1,773 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.0%), 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 Turkey
In 2022, after three years of growth, there was significant decline in supplies from abroad of steel, alloy, when their volume decreased by -5.1% to 12K tons. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 74% against the previous year.
In value terms, imports of steel, alloy soared to $42M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 123%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.6 | 6.6 | 15.0 | 20.7 | 225.5% |
| Germany | 2.2 | 3.2 | 2.9 | 6.3 | 42.0% |
| France | 0.7 | 0.2 | 1.5 | 5.9 | 103.5% |
| Japan | 0.8 | 4.2 | 4.9 | 4.0 | 71.0% |
| Belgium | N/A | N/A | 0.4 | 2.7 | 575.0% |
| Brazil | 0.5 | N/A | 0.1 | 0.8 | 17.0% |
| Russia | 0.1 | 1.6 | 1.8 | 0.6 | 81.7% |
| United Arab Emirates | 2.0 | 2.0 | 0.2 | N/A | -68.4% |
| Others | 1.3 | 0.7 | 1.8 | 1.2 | -2.6% |
| Total | 8.2 | 18.4 | 28.4 | 42.3 | 72.8% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Turkey in 2022:
- China (5.1K tons)
- Belgium (1.8K tons)
- Germany (1.6K tons)
- France (1.2K tons)
- Japan (0.9K tons)
- Brazil (0.4K tons)
- Russia (0.2K tons)
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Turkey
In 2022, the amount of steel, alloy exported from Turkey expanded notably to 6.1K tons, picking up by 5.3% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy soared to $26M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 1.4 | 2.2 | 2.5 | 8.1 | 79.5% |
| France | 0.6 | 0.7 | 1.5 | 2.6 | 63.0% |
| Netherlands | 0.2 | 0.5 | 1.5 | 2.3 | 125.7% |
| Italy | 1.8 | 2.1 | 3.3 | 2.0 | 3.6% |
| Germany | 2.2 | 4.2 | 3.2 | 1.8 | -6.5% |
| United Kingdom | N/A | 0.3 | 0.3 | 1.7 | 138.0% |
| Poland | 0.1 | N/A | N/A | 1.6 | 152.0% |
| Spain | 0.6 | 0.7 | 0.8 | 1.4 | 32.6% |
| Kuwait | 0.4 | N/A | N/A | 1.0 | 35.7% |
| Slovenia | 2.8 | 1.0 | 1.2 | 0.7 | -37.0% |
| Portugal | N/A | N/A | N/A | 0.6 | 0% |
| Switzerland | 0.8 | 1.1 | 0.6 | 0.6 | -9.1% |
| Serbia | 0.2 | 0.2 | 0.1 | 0.4 | 26.0% |
| Others | 2.3 | 1.0 | 1.4 | 1.3 | -17.3% |
| Total | 13.3 | 13.9 | 16.5 | 26.3 | 25.5% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Turkey in 2022:
- Ireland (1385.6 tons)
- United Kingdom (593.8 tons)
- Netherlands (583.0 tons)
- France (565.5 tons)
- Poland (513.2 tons)
- Germany (486.5 tons)
- Italy (415.3 tons)
- Spain (274.7 tons)
- Kuwait (200.9 tons)
- Slovenia (175.4 tons)
- Switzerland (154.0 tons)
- Portugal (152.3 tons)
- Serbia (116.1 tons)
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