Price for Steel, Stainless; Ingots and Other Primary Forms in Nepal - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Nepal (CIF) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Nepal
Price for Steel, Stainless; Ingots and Other Primary Forms in Nepal (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $8,229 per ton in 2022, increasing by 13% against the previous year. Over the period under review, the import price showed buoyant growth. The import price peaked at $9,231 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2014 to 2022, the rate of growth in terms of prices for India amounted to +18.3% per year.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Nepal
In 2022, overseas purchases of steel, stainless; ingots and other primary formses increased by 3,125% to 258 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $2.1K in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Steel, Stainless; Ingots and Other Primary Forms in Nepal (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 600 | 494 | 58.0 | 2,112 | 52.1% |
Others | N/A | N/A | N/A | 11.0 | 0% |
Total | 600 | 494 | 58.0 | 2,123 | 52.4% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Nepal in 2022:
- India (257.0 kg)
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Nepal.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
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