Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Brazil - 2024

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Brazil (CIF) - 2024
2. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Brazil (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Brazil
4. Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Brazil

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Brazil (CIF) - 2024

The average import price for steel, alloy stood at $3,703 per ton in February 2024, declining by -3.3% against the previous month. In general, import price indicated a perceptible expansion from February 2023 to February 2024: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, import price for steel, alloy decreased by -3.3% against January 2024 indices. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 77% month-to-month. As a result, import price reached the peak level of $4,413 per ton. From April 2023 to February 2024, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Japan ($4,463 per ton), while the price for China totaled $2,050 per ton.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Germany (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for steel, alloy stood at $2,182 per ton in 2022, surging by 16% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 79% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($3,950 per ton), while the average price for exports to China ($650 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 Turkey (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of steel, alloy into Brazil soared to 2.6K tons, growing by 64% on the year before. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 91% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of steel, alloy skyrocketed to $5.3M in 2022. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 96% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. United States (1140.9 tons)
2. Germany (659.5 tons)
3. Italy (501.7 tons)
4. Poland (116.4 tons)
5. Japan (100.3 tons)

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

In 2022, approx. 776 tons of steel, alloy were exported from Brazil; picking up by 11% against 2021. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 140%.

In value terms, exports of steel, alloy soared to $1.7M in 2022. In general, exports saw a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 329% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Turkey (320.1 tons)
2. Italy (134.4 tons)
3. Germany (82.3 tons)
4. South Africa (71.6 tons)
5. Mexico (37.0 tons)
6. Chile (32.8 tons)
7. China (26.7 tons)
8. Peru (24.4 tons)
9. Paraguay (21.3 tons)

Source: IndexBox Market Intelligence Platform