Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Serbia - 2024

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Serbia (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Serbia (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Serbia
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Serbia

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Serbia (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $2,976 per ton, picking up by 17% against the previous year. Over the period under review, the import price continues to indicate a modest increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 118% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,470 per ton), while the price for Bulgaria ($2,164 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+43.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Serbia (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $3,040 per ton, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 25%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to +4.4% per year.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Serbia

Imports of steel, alloy into Serbia declined significantly to 521 tons in 2022, which is down by -56.5% compared with the previous year. In general, imports faced a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 31%.

In value terms, imports of steel, alloy shrank notably to $1.6M in 2022. Over the period under review, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. As a result, imports attained the peak of $3M, and then reduced markedly in the following year.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Serbia in 2022:

1. Germany (294.4 tons)
2. Czech Republic (113.1 tons)
3. China (106.6 tons)
4. Bulgaria (3.5 tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Serbia

In 2022, overseas shipments of steel, alloy decreased by -89.7% to 68 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a dramatic decline. The pace of growth was the most pronounced in 2020 when exports increased by 126%. As a result, the exports attained the peak of 927 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of steel, alloy contracted dramatically to $206K in 2022. In general, exports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 113%. As a result, the exports reached the peak of $2M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from Serbia in 2022:

1. Bulgaria (67.7 tons)

Source: IndexBox Market Intelligence Platform