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

Contents:

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

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

In 2022, the average import price for steel, alloy amounted to $2,608 per ton, increasing by 46% against the previous year. Overall, the import price saw a prominent expansion. The growth pace was the most rapid in 2018 when the average import price increased by 59%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($2,631 per ton) and Taiwan (Chinese) ($2,631 per ton), while the price for Germany ($1,849 per ton) and China ($2,631 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for steel, alloy amounted to $1,188 per ton, falling by -29.5% against the previous year. In general, the export price, however, posted slight growth. The pace of growth appeared the most rapid in 2020 an increase of 106% against the previous year. As a result, the export price attained the peak level of $2,177 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($1,800 per ton), while the average price for exports to Malaysia ($1,132 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 Australia (+89.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of steel, alloy decreased by -8.1% to 965 tons, falling for the second year in a row after two years of growth. Overall, imports saw a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 9.9%. As a result, imports reached the peak of 3.9K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of steel, alloy skyrocketed to $2.5M in 2022. Over the period under review, imports saw a sharp slump.

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

1. China (336.7 tons)
2. United States (284.2 tons)
3. Taiwan (Chinese) (131.2 tons)
4. Japan (118.2 tons)
5. Belgium (42.2 tons)
6. Germany (27.4 tons)
7. South Korea (24.7 tons)

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

In 2022, shipments abroad of steel, alloy decreased by -36.8% to 655 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 209%. As a result, the exports attained the peak of 1.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of steel, alloy reduced dramatically to $778K in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 537%. As a result, the exports reached the peak of $2.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Malaysia (600.5 tons)
2. Philippines (36.9 tons)
3. South Korea (16.3 tons)

Source: IndexBox Market Intelligence Platform