Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada - 2024
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada (CIF) - 2024
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada (FOB) - 2024
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada (CIF) - 2024
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $5,089 per ton in June 2023, approximately reflecting the previous month. Overall, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in April 2023 an increase of 24% m-o-m. As a result, import price reached the peak level of $6,275 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($12,981 per ton), while the price for China ($2,149 per ton) was amongst the lowest.
From January 2023 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada (FOB) - 2024
The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $5,447 per ton in June 2023, rising by 11% against the previous month. Over the period from January 2023 to June 2023, it increased at an average monthly rate of +6.3%. The pace of growth was the most pronounced in March 2023 when the average export price increased by 29% month-to-month. The export price peaked in June 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to +9.0% per month.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada
In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms imported into Canada rose sharply to 40K tons, with an increase of 8% against the year before. In general, imports, however, recorded a mild contraction. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms surged to $204M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 100 | 79.8 | 92.2 | 117 | 5.4% |
| Japan | 13.0 | 11.9 | 14.4 | 22.0 | 19.2% |
| China | 3.1 | 2.7 | 10.4 | 16.0 | 72.8% |
| India | 2.8 | 4.4 | 5.6 | 11.4 | 59.7% |
| Finland | 0.7 | 0.6 | 8.3 | 6.2 | 106.9% |
| Taiwan (Chinese) | 2.7 | 2.8 | 3.4 | 6.0 | 30.5% |
| France | 4.3 | 2.8 | 2.0 | 6.0 | 11.7% |
| Germany | 6.6 | 5.7 | 1.4 | 1.3 | -41.8% |
| South Korea | 5.7 | 3.6 | 2.6 | 0.7 | -50.3% |
| Others | 9.0 | 6.7 | 8.9 | 17.8 | 25.5% |
| Total | 148 | 121 | 149 | 204 | 11.3% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Canada in 2022:
- United States (24.8K tons)
- China (4.4K tons)
- Japan (2.4K tons)
- India (2.3K tons)
- Finland (1.5K tons)
- France (1.2K tons)
- Taiwan (Chinese) (0.8K tons)
- Germany (0.2K tons)
- South Korea (0.2K tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada
In 2022, exports of stainless steel; flat-rolled products of width less than 600mms from Canada fell to 4.1K tons, waning by -8.8% against 2021 figures. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports reached the peak of 4.5K tons, and then dropped in the following year.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms expanded significantly to $16M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 7.4 | 13.7 | 15.6 | 84.1% |
| China | 3.3 | 0.1 | N/A | N/A | -97.0% |
| India | 0.4 | 0.1 | 0.2 | N/A | -29.3% |
| United Arab Emirates | N/A | 0.7 | N/A | N/A | 0% |
| Others | 0.7 | 0.3 | 0.1 | 0.3 | -24.6% |
| Total | 6.9 | 8.5 | 14.0 | 16.0 | 32.4% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Canada in 2022:
- United States (3953.4 tons)
- China (14.6 tons)
- United Arab Emirates (6.2 tons)
- India (1.2 tons)
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