Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China (CIF) - 2023
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China (CIF) - 2023
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $1,895 per ton in December 2023, which is down by -3.3% against the previous month. In general, the import price showed a mild slump. The growth pace was the most rapid in April 2023 when the average import price increased by 129% m-o-m. As a result, import price reached the peak level of $5,093 per ton. From May 2023 to December 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From December 2022 to December 2023, the rate of growth in terms of prices for Indonesia amounted to -1.1% per month.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China (FOB) - 2022
In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $3,633 per ton, shrinking by -38% against the previous year. Over the period under review, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 an increase of 28% against the previous year. The export price peaked at $8,570 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($11,851 per ton), while the average price for exports to Taiwan (Chinese) totaled $2,532 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China
For the fourth year in a row, China recorded growth in supplies from abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia, which increased by 1.9% to 1.3M tons in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 2,861% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia expanded notably to $2.8B in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 2,171%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 1.3 | 2.5 | 2.8 | 46.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | 1.3 | 2.5 | 2.8 | 203.7% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to China in 2022:
- Indonesia (1254.9K tons)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China
In 2022, approx. 55 tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were exported from China; with a decrease of -57.3% against 2021 figures. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 77% against the previous year. As a result, the exports attained the peak of 130 tons, and then dropped notably in the following year.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia fell rapidly to $202K in 2022. Overall, exports showed a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports attained the peak of $761K, and then contracted markedly in the following year.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 114 | 127 | 180 | 136 | 6.1% |
| United States | 72.7 | 121 | 8.2 | 13.0 | -43.7% |
| Hong Kong SAR | 22.8 | 92.2 | 9.7 | N/A | -34.8% |
| South Korea | 26.3 | 7.0 | 17.1 | N/A | -19.4% |
| Vietnam | 5.6 | 8.4 | 64.7 | N/A | 239.9% |
| United Arab Emirates | 19.7 | 16.6 | 21.6 | N/A | 4.7% |
| Myanmar | 36.4 | 0.4 | N/A | N/A | -98.9% |
| Saudi Arabia | 171 | N/A | N/A | N/A | 0% |
| Pakistan | 26.1 | 0.6 | N/A | N/A | -97.7% |
| Others | 146 | 215 | 460 | 52.4 | -28.9% |
| Total | 641 | 588 | 761 | 202 | -31.9% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from China in 2022:
- Taiwan (Chinese) (53.8 tons)
- United States (1.1 tons)
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