Price for Steel Alloy Wire of Silico-Manganese Steel in Turkey - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Turkey (FOB) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Turkey (CIF) - 2024
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Turkey
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Turkey
Price for Steel Alloy Wire of Silico-Manganese Steel in Turkey (FOB) - 2024
In February 2024, the average export price for steel alloy wire of silico-manganese steels amounted to $1,392 per ton, shrinking by -3.1% against the previous month. Over the period under review, the export price showed a slight decrease. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 4.4% m-o-m. The export price peaked at $1,606 per ton in February 2023; however, from March 2023 to February 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($1,611 per ton), while the average price for exports to Russia ($1,032 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel Alloy Wire of Silico-Manganese Steel in Turkey (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $1,264 per ton in February 2024, growing by 12% against the previous month. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 56% month-to-month. As a result, import price reached the peak level of $1,794 per ton. From July 2023 to February 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($2,329 per ton), while the price for China ($906 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel Alloy Wire of Silico-Manganese Steel in Turkey
In 2022, exports of steel alloy wire of silico-manganese steels from Turkey dropped rapidly to 25K tons, reducing by -21.6% against the previous year. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 3.2%. As a result, the exports reached the peak of 32K tons, and then dropped sharply in the following year.
In value terms, exports of steel alloy wire of silico-manganese steels reduced slightly to $41M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports attained the peak of $43M, and then contracted modestly in the following year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 4.9 | 3.1 | 3.0 | 4.4 | -3.5% |
| Germany | 3.0 | 2.3 | 3.6 | 3.9 | 9.1% |
| Portugal | 3.0 | 2.0 | 3.7 | 3.7 | 7.2% |
| Netherlands | 1.7 | 1.3 | 2.4 | 2.9 | 19.5% |
| Bulgaria | 1.6 | 1.3 | 2.0 | 2.3 | 12.9% |
| Morocco | 0.8 | 1.0 | 1.0 | 2.2 | 40.1% |
| Serbia | 1.3 | 1.4 | 2.0 | 1.8 | 11.5% |
| Tunisia | 1.2 | 0.9 | 0.9 | 1.8 | 14.5% |
| France | 1.9 | 1.5 | 0.8 | 1.4 | -9.7% |
| Egypt | 1.1 | 0.9 | 1.4 | 1.2 | 2.9% |
| United States | 0.1 | N/A | 0.6 | 1.2 | 128.9% |
| Spain | 0.8 | 0.8 | 1.7 | 1.0 | 7.7% |
| Ukraine | 1.1 | 0.7 | 2.4 | 0.9 | -6.5% |
| Others | 11.8 | 14.9 | 17.1 | 12.4 | 1.7% |
| Total | 34.1 | 32.2 | 42.6 | 41.0 | 6.3% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Turkey in 2022:
- Russia (2.5K tons)
- Portugal (2.3K tons)
- Germany (2.2K tons)
- Netherlands (1.9K tons)
- Bulgaria (1.4K tons)
- Morocco (1.3K tons)
- Tunisia (1.1K tons)
- Serbia (1.0K tons)
- France (0.8K tons)
- Egypt (0.7K tons)
- United States (0.7K tons)
- Ukraine (0.6K tons)
- Spain (0.6K tons)
Imports of Steel Alloy Wire of Silico-Manganese Steel in Turkey
In 2022, approx. 7.5K tons of steel alloy wire of silico-manganese steels were imported into Turkey; picking up by 40% against 2021. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $14M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | 1.2 | 1.2 | 4.5 | 55.4% |
| Czech Republic | 1.5 | 1.1 | 2.0 | 3.2 | 28.7% |
| Italy | 0.1 | 0.3 | 0.4 | 1.6 | 152.0% |
| Iran | 0.7 | 0.5 | 1.4 | 1.5 | 28.9% |
| Vietnam | 2.3 | 1.0 | 1.7 | 1.4 | -15.3% |
| South Korea | 0.6 | 0.3 | 0.4 | 0.6 | 0.0% |
| United Kingdom | N/A | N/A | N/A | 0.2 | 0% |
| India | 0.3 | 0.1 | 0.3 | 0.1 | -30.7% |
| Others | 0.2 | 0.2 | 0.2 | 0.8 | 58.7% |
| Total | 6.8 | 4.7 | 7.6 | 13.8 | 26.6% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Turkey in 2022:
- China (2869.4 tons)
- Czech Republic (1335.2 tons)
- Iran (1296.4 tons)
- Vietnam (799.4 tons)
- Italy (628.5 tons)
- South Korea (200.7 tons)
- United Kingdom (119.6 tons)
- India (51.5 tons)
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