Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Spain - 2023

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Spain (CIF) - 2023
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Spain (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Spain
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Spain

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Spain (CIF) - 2023

In December 2023, the average import price for steel, alloy amounted to $3,104 per ton, shrinking by -22.5% against the previous month. In general, the import price saw a perceptible downturn. The growth pace was the most rapid in March 2023 when the average import price increased by 96% against the previous month. As a result, import price attained the peak level of $9,041 per ton. From April 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($4,326 per ton), while the price for the Czech Republic ($2,747 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for steel, alloy stood at $3,480 per ton in 2022, remaining stable against the previous year. Overall, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 206%. The export price peaked at $5,750 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($5,161 per ton), while the average price for exports to Germany ($2,925 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+97.6%).

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

In 2022, the amount of steel, alloy imported into Spain soared to 17K tons, rising by 60% compared with the previous year's figure. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, alloy surged to $62M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Czech Republic (9.3K tons)
2. China (2.6K tons)
3. Germany (1.6K tons)
4. France (1.5K tons)
5. Russia (0.7K tons)
6. Italy (0.6K tons)
7. Japan (0.6K tons)

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

In 2022, shipments abroad of steel, alloy decreased by 0% to 1.1K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 30%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of steel, alloy amounted to $3.7M in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 69%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Germany (654.1 tons)
2. France (385.5 tons)
3. Czech Republic (22.5 tons)

Source: IndexBox Market Intelligence Platform