Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Australia - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Australia (CIF) - 2024
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Australia (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Australia
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Australia

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Australia (CIF) - 2024

In January 2024, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,892 per ton, jumping by 33% against the previous month. Over the period under review, the import price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in November 2023 an increase of 102% month-to-month. The import price peaked at $2,873 per ton in June 2023; however, from July 2023 to January 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($2,920 per ton), while the price for China ($1,337 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Australia (FOB) - 2022

The average export price for alloy steel flat-rolled products, of a width 600mm or mores stood at $2,061 per ton in 2022, picking up by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $2,080 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($5,247 per ton), while the average price for exports to Indonesia ($1,367 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 India (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Australia

Imports of alloy steel flat-rolled products, of a width 600mm or mores into Australia soared to 37K tons in 2022, with an increase of 23% compared with 2021 figures. The total import volume increased at an average annual rate of +11.5% 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 2020 when imports increased by 24%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores surged to $62M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Australia in 2022:

1. China (12.3K tons)
2. Finland (11.5K tons)
3. Japan (3.6K tons)
4. Taiwan (Chinese) (2.1K tons)
5. France (2.0K tons)
6. Belgium (1.9K tons)
7. Sweden (1.5K tons)
8. Germany (0.9K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Australia

In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores exported from Australia stood at 14K tons, surging by 4.7% on the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 55% against the previous year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores skyrocketed to $29M in 2022. In general, exports enjoyed moderate growth. The pace of growth appeared the most rapid in 2021 when exports increased by 70% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Australia in 2022:

1. Indonesia (6.6K tons)
2. Singapore (2.7K tons)
3. Thailand (0.8K tons)
4. Turkey (0.7K tons)
5. India (0.7K tons)
6. United Arab Emirates (0.5K tons)
7. United States (0.5K tons)
8. New Zealand (0.4K tons)
9. Israel (0.1K tons)
10. China (0.1K tons)

Source: IndexBox Market Intelligence Platform