Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Luxembourg - 2023

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Luxembourg (FOB) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Luxembourg (CIF) - 2022
3. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Luxembourg
4. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Luxembourg

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Luxembourg (FOB) - 2022

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $20,596 per ton in 2022, approximately equating the previous year. Overall, the export price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $34,690 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($28,665 per ton), while the average price for exports to the United States ($8,222 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 Poland (+2.2%), while the prices for the other major destinations experienced a decline.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Luxembourg (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $19,072 per ton in 2022, picking up by 6.8% against the previous year. Over the period under review, the import price posted mild growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 72%. The import price peaked at $19,682 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($25,231 per ton), while the price for Poland ($4,595 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.9%), while the prices for the other major suppliers experienced a decline.

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Luxembourg

In 2022, approx. 51 tons of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were exported from Luxembourg; with an increase of 20% compared with 2021 figures. The total export volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations 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, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $1.1M in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Luxembourg in 2022:

1. Spain (14.6 tons)
2. Portugal (6.1 tons)
3. Belgium (4.8 tons)
4. France (4.1 tons)
5. Poland (2.3 tons)
6. Italy (2.1 tons)
7. United Kingdom (1.9 tons)
8. Switzerland (1.9 tons)
9. Qatar (1.7 tons)
10. Hungary (1.7 tons)
11. United States (1.5 tons)
12. Romania (1.5 tons)
13. Bulgaria (1.1 tons)

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Luxembourg

In 2022, approx. 50 tons of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were imported into Luxembourg; which is down by -12.4% compared with the previous year's figure. In general, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of 57 tons, and then reduced in the following year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s contracted to $951K in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 171%. As a result, imports attained the peak of $1M, and then dropped in the following year.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Luxembourg in 2022:

1. France (28.8 tons)
2. Germany (15.1 tons)
3. Belgium (4.9 tons)
4. Poland (1.0 tons)