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

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the United States (FOB) - 2024
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the United States (CIF) - 2024
3. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the United States
4. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the United States

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the United States (FOB) - 2024

The average export price for steel, alloy stood at $4,376 per ton in February 2024, with an increase of 25% against the previous month. Overall, the export price, however, showed a slight downturn. Over the period under review, the average export prices hit record highs at $4,945 per ton in March 2023; however, from April 2023 to February 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In February 2024, the country with the highest price was Canada ($4,899 per ton), while the average price for exports to Taiwan (Chinese) ($2,537 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+5.2%), while the prices for the other major destinations experienced a decline.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in the United States (CIF) - 2024

In February 2024, the average import price for steel, alloy amounted to $3,774 per ton, waning by -1.9% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 27% against the previous month. As a result, import price attained the peak level of $4,368 per ton. From April 2023 to February 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Japan ($4,298 per ton), while the price for the Czech Republic ($2,386 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Brazil (+7.0%), while the prices for the other major suppliers experienced a decline.

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

Exports of steel, alloy from the United States surged to 61K tons in 2022, jumping by 52% against the previous year's figure. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 109%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of steel, alloy skyrocketed to $211M in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 212%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Canada (50.6K tons)
2. Mexico (8.9K tons)
3. Belgium (0.4K tons)
4. India (0.3K tons)
5. Taiwan (Chinese) (0.1K tons)

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

In 2022, imports of steel, alloy into the United States dropped remarkably to 6.6K tons, waning by -62.3% compared with the previous year. Over the period under review, imports faced a precipitous decrease. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year.

In value terms, imports of steel, alloy contracted remarkably to $20M in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 20%.

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

1. South Korea (6.4K tons)
2. Brazil (0.1K tons)

Source: IndexBox Market Intelligence Platform