Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hungary - 2023

Contents:

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

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hungary (CIF) - 2023

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $2,393 per ton in August 2023, falling by -18.4% against the previous month. Over the period under review, the import price recorded a slight curtailment. The pace of growth was the most pronounced in July 2023 an increase of 16% m-o-m. As a result, import price reached the peak level of $2,931 per ton, and then contracted remarkably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Austria ($3,508 per ton), while the price for Italy ($1,451 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hungary (FOB) - 2023

In September 2023, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $1,127 per ton, dropping by -34.9% against the previous month. Overall, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in August 2023 an increase of 78% month-to-month. Over the period under review, the average export prices hit record highs at $2,976 per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.

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

From December 2022 to September 2023, the rate of growth in terms of prices for Germany amounted to +3.6% per month.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hungary

For the fourth consecutive year, Hungary recorded growth in overseas purchases of alloy steel flat-rolled products, of a width of less than 600mms, which increased by 1.1% to 56K tons in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% 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 +51.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms soared to $124M in 2022. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 48%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Hungary in 2022:

1. Germany (18.5K tons)
2. Austria (14.2K tons)
3. Slovakia (6.6K tons)
4. Slovenia (5.1K tons)
5. Italy (3.9K tons)
6. Czech Republic (2.8K tons)
7. Romania (1.7K tons)
8. Poland (1.4K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Hungary

In 2022, the amount of alloy steel flat-rolled products, of a width of less than 600mms exported from Hungary soared to 870 tons, rising by 68% against 2021 figures. Over the period under review, exports recorded a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 124%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms skyrocketed to $1.1M in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 178%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from Hungary in 2022:

1. India (471.0 tons)
2. Germany (324.7 tons)
3. Denmark (39.4 tons)
4. Austria (12.4 tons)
5. Serbia (12.3 tons)
6. China (0.8 tons)

Source: IndexBox Market Intelligence Platform