Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in India - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in India (CIF) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in India (FOB) - 2023
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in India
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in India

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in India (CIF) - 2023

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,040 per ton in November 2023, dropping by -22% against the previous month. Over the period under review, the import price saw a pronounced decline. The most prominent rate of growth was recorded in June 2023 an increase of 19% against the previous month. The import price peaked at $1,585 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,272 per ton), while the price for South Korea ($764 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced a decline.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in India (FOB) - 2023

The average export price for alloy steel flat-rolled products, of a width 600mm or mores stood at $722 per ton in November 2023, with a decrease of -41.1% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 103% m-o-m. The export price peaked at $2,384 per ton in April 2023; however, from May 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United Arab Emirates ($2,365 per ton), while the average price for exports to the UK ($540 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in India

In 2022, imports of alloy steel flat-rolled products, of a width 600mm or mores into India expanded notably to 1.5M tons, growing by 11% on the year before. Over the period under review, imports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores surged to $2.2B in 2022. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of 65%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to India in 2022:

1. South Korea (552.1K tons)
2. Japan (329.3K tons)
3. China (233.7K tons)
4. Taiwan (Chinese) (135.8K tons)
5. Germany (73.4K tons)
6. Russia (48.0K tons)
7. Belgium (40.2K tons)
8. Sweden (28.5K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in India

In 2022, after two years of decline, there was significant growth in overseas shipments of alloy steel flat-rolled products, of a width 600mm or mores, when their volume increased by 1,414% to 1.7M tons. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores soared to $1.2B in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from India in 2022:

1. Vietnam (603.7K tons)
2. United Arab Emirates (242.0K tons)
3. Nepal (189.4K tons)
4. Italy (110.8K tons)
5. Turkey (99.1K tons)
6. Saudi Arabia (61.5K tons)
7. Belgium (55.8K tons)
8. Spain (53.6K tons)
9. South Africa (37.2K tons)
10. Indonesia (5.4K tons)
11. Brazil (2.0K tons)
12. Thailand (0.2K tons)

Source: IndexBox Market Intelligence Platform