Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Myanmar - 2023

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Myanmar (CIF) - 2022
2. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Myanmar

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Myanmar (CIF) - 2022

The average import price for steel, alloy stood at $1,583 per ton in 2022, growing by 193% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. Over the period under review, average import prices attained the peak figure at $2,332 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($2,317 per ton), while the price for China ($869 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-6.0%), while the prices for the other major suppliers experienced a decline.

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Myanmar

In 2022, imports of steel, alloy into Myanmar surged to 103 tons, with an increase of 297% compared with the previous year's figure. In general, imports, however, faced a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 380%.

In value terms, imports of steel, alloy surged to $163K in 2022. Overall, imports, however, saw a deep downturn.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Myanmar in 2022:

1. Indonesia (49.0 tons)
2. China (46.4 tons)
3. India (7.4 tons)

Source: IndexBox Market Intelligence Platform