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

Contents:

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

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

The average export price for steel, alloy stood at $3,079 per ton in 2022, growing by 21% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs at $3,297 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Israel ($4,313 per ton), while the average price for exports to China ($968 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for steel, alloy stood at $1,704 per ton in 2022, with an increase of 43% against the previous year. In general, the import price, however, saw a noticeable downturn. Over the period under review, average import prices hit record highs at $2,295 per ton in 2012; however, from 2013 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 Belgium ($2,736 per ton), while the price for Malaysia ($974 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in shipments abroad of steel, alloy, when their volume decreased by -9.7% to 6.4K tons. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 84% against the previous year.

In value terms, exports of steel, alloy reached $20M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 64%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Singapore in 2022:

1. Israel (1275.9 tons)
2. New Zealand (1225.2 tons)
3. Australia (969.1 tons)
4. India (845.7 tons)
5. Malaysia (777.5 tons)
6. China (591.1 tons)
7. Sri Lanka (507.2 tons)
8. Myanmar (49.5 tons)

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

Imports of steel, alloy into Singapore skyrocketed to 358 tons in 2022, increasing by 207% against 2021. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, alloy skyrocketed to $610K in 2022. In general, imports enjoyed significant growth. 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 Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Singapore in 2022:

1. Russia (211.4 tons)
2. China (62.2 tons)
3. Malaysia (39.4 tons)
4. Japan (34.0 tons)
5. Belgium (8.1 tons)

Source: IndexBox Market Intelligence Platform