Price for Steel, Alloy; Semi-Finished Products in Mexico - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Mexico (FOB) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Mexico (CIF) - 2023
- Exports of Steel, Alloy; Semi-Finished Products in Mexico
- Imports of Steel, Alloy; Semi-Finished Products in Mexico
Price for Steel, Alloy; Semi-Finished Products in Mexico (FOB) - 2022
In April 2022, the average steel, alloy; semi-finished products export price amounted to $848 per ton, remaining constant against the previous month. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level of $865 per ton. From January 2022 to April 2022, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2021 to April 2022, the rate of growth in terms of prices for the United States amounted to -0.5% per month.
Price for Steel, Alloy; Semi-Finished Products in Mexico (CIF) - 2023
In June 2023, the average steel, alloy; semi-finished products import price amounted to $3,261 per ton, waning by -9.9% against the previous month. Overall, the import price, however, enjoyed a resilient expansion. The growth pace was the most rapid in February 2023 an increase of 326% month-to-month. The import price peaked at $7,339 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($6,259 per ton), while the price for the United States stood at $2,885 per ton.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+17.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel, Alloy; Semi-Finished Products in Mexico
In 2022, the amount of steel, alloy; semi-finished productses exported from Mexico shrank notably to 58K tons, dropping by -52.9% against the previous year's figure. Overall, exports showed a precipitous curtailment. The smallest decline of -37.4% was in 2020.
In value terms, steel, alloy; semi-finished products exports declined remarkably to $49M in 2022. In general, exports recorded a dramatic curtailment. The smallest decline of -43.5% was in 2020.
| Export of Steel, Alloy; Semi-Finished Products in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 421 | 235 | 99.9 | 49.0 | -51.2% |
| Others | 0.5 | 3.4 | 3.0 | N/A | 144.9% |
| Total | 421 | 238 | 103 | 49.0 | -51.2% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Mexico in 2022:
- United States (57.8K tons)
Imports of Steel, Alloy; Semi-Finished Products in Mexico
In 2022, the amount of steel, alloy; semi-finished productses imported into Mexico fell dramatically to 3.4K tons, which is down by -97.5% on the year before. Over the period under review, imports continue to indicate a sharp decline. The growth pace was the most rapid in 2021 with an increase of 387%.
In value terms, steel, alloy; semi-finished products imports declined notably to $2.9M in 2022. In general, imports saw a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 525% against the previous year. As a result, imports attained the peak of $114M, and then plummeted in the following year.
| Import of Steel, Alloy; Semi-Finished Products in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 108 | 18.3 | 114 | 2.8 | -70.4% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 108 | 18.3 | 114 | 2.9 | -70.1% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Mexico in 2022:
- United States (3.4K tons)
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