Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States (CIF) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States (FOB) - 2024
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States (CIF) - 2024
In December 2023, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $2,105 per ton, surging by 4.4% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 26% against the previous month. As a result, import price attained the peak level of $2,509 per ton. From June 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($2,975 per ton), while the price for Vietnam ($990 per ton) was amongst the lowest.
From March 2023 to December 2023, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States (FOB) - 2024
In December 2023, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $4,043 per ton, surging by 5.2% against the previous month. Over the last nine months, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 21% against the previous month. The export price peaked in December 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($5,619 per ton), while the average price for exports to British Virgin Islands ($898 per ton) was amongst the lowest.
From March 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States
After three years of growth, overseas purchases of steel alloy wire of materials other than silico-manganese steels decreased by -14.1% to 87K tons in 2022. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of 101K tons, and then reduced in the following year.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels totaled $197M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 53.2 | 34.8 | 47.5 | 42.2 | -7.4% |
| Canada | 18.3 | 30.5 | 43.7 | 40.1 | 29.9% |
| South Korea | 26.1 | 18.5 | 25.3 | 30.7 | 5.6% |
| Germany | 9.6 | 13.3 | 15.7 | 15.9 | 18.3% |
| China | 9.9 | 10.2 | 23.3 | 14.4 | 13.3% |
| Mexico | 0.7 | 0.8 | 3.8 | 11.0 | 150.5% |
| Austria | 5.9 | 4.1 | 4.7 | 9.3 | 16.4% |
| Italy | 7.5 | 5.4 | 4.7 | 6.3 | -5.6% |
| Others | 10.6 | 7.6 | 19.4 | 26.7 | 36.1% |
| Total | 142 | 125 | 188 | 197 | 11.5% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to the United States in 2022:
- Canada (20.6K tons)
- Japan (15.6K tons)
- South Korea (12.0K tons)
- Mexico (7.8K tons)
- Germany (7.8K tons)
- China (6.3K tons)
- Austria (3.8K tons)
- Italy (2.1K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States
In 2022, the amount of steel alloy wire of materials other than silico-manganese steels exported from the United States soared to 21K tons, picking up by 27% compared with 2021 figures. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels soared to $78M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 55% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 26.4 | 18.3 | 27.2 | 43.8 | 18.4% |
| Canada | 14.0 | 10.7 | 16.6 | 20.3 | 13.2% |
| Ireland | N/A | 1.7 | 9.1 | 3.0 | 32.8% |
| Brazil | 1.8 | 1.0 | 2.1 | 2.2 | 6.9% |
| Japan | 0.8 | 0.2 | 0.5 | 1.0 | 7.7% |
| Others | 9.2 | 7.2 | 5.3 | 8.0 | -4.6% |
| Total | 52.2 | 39.1 | 60.8 | 78.3 | 14.5% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from the United States in 2022:
- Mexico (12.7K tons)
- Canada (5.6K tons)
- Brazil (0.4K tons)
- Ireland (0.4K tons)
- Japan (0.3K tons)
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