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

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Romania (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Romania (FOB) - 2023
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Romania
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Romania

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

In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $4,036 per ton, jumping by 19% against the previous year. Overall, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2020 an increase of 35%. Over the period under review, average import prices hit record highs at $4,461 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($47,340 per ton), while the price for Turkey ($2,744 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In August 2023, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $24,140 per ton, surging by 45% against the previous month. In general, the export price continues to indicate a moderate expansion. The growth pace was the most rapid in January 2023 when the average export price increased by 169% m-o-m. Over the period under review, the average export prices hit record highs at $34,354 per ton in February 2023; however, from March 2023 to August 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From November 2022 to August 2023, the rate of growth in terms of prices for China amounted to 0.0% per month.

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

In 2022, approx. 1.4K tons of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were imported into Romania; waning by -10.7% against 2021 figures. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s rose remarkably to $5.8M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +55.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 47%. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. Turkey (646.8 tons)
2. France (314.1 tons)
3. Germany (253.6 tons)
4. Italy (43.8 tons)
5. Hungary (42.1 tons)
6. Belgium (36.4 tons)
7. Bulgaria (25.5 tons)

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

After two years of decline, overseas shipments of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by 135% to 59 tons in 2022. In general, exports, however, saw a deep downturn.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $983K in 2022. Overall, exports, however, saw a abrupt decline.

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

1. Germany (31.6 tons)
2. Turkey (25.8 tons)
3. Hungary (1.0 tons)
4. France (0.3 tons)