Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Japan - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Japan (FOB) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Japan (CIF) - 2023
3. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Japan
4. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Japan

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Japan (FOB) - 2023

In November 2023, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,074 per ton, remaining relatively unchanged against the previous month. In general, the export price recorded a mild contraction. The most prominent rate of growth was recorded in September 2023 an increase of 9.8% against the previous month. Over the period under review, the average export prices hit record highs at $1,315 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Turkey ($2,882 per ton), while the average price for exports to Costa Rica ($554 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Japan (CIF) - 2023

In November 2023, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,178 per ton, rising by 5.1% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 12% m-o-m. Over the period under review, average import prices hit record highs at $1,273 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,536 per ton), while the price for China ($1,002 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Japan

In 2022, approx. 5.3M tons of alloy steel flat-rolled products, of a width 600mm or mores were exported from Japan; which is down by -9.7% against 2021 figures. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 5.8M tons, and then declined in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores amounted to $6.4B in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Japan in 2022:

1. Thailand (1100.3K tons)
2. China (1018.6K tons)
3. Indonesia (687.9K tons)
4. Mexico (425.7K tons)
5. India (356.2K tons)
6. South Korea (264.6K tons)
7. Bangladesh (176.4K tons)
8. Vietnam (154.8K tons)
9. Turkey (132.4K tons)
10. Colombia (128.3K tons)
11. United States (97.6K tons)
12. Malaysia (66.8K tons)

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Japan

In 2022, approx. 152K tons of alloy steel flat-rolled products, of a width 600mm or mores were imported into Japan; which is down by -24.4% on the previous year's figure. Over the period under review, imports recorded a precipitous decrease.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores contracted to $177M in 2022. In general, imports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 7.8% against the previous year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Japan in 2022:

1. South Korea (79.6K tons)
2. Taiwan (Chinese) (34.0K tons)
3. China (23.2K tons)
4. Sweden (11.5K tons)

Source: IndexBox Market Intelligence Platform