Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Hong Kong SAR - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Hong Kong SAR (CIF) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Hong Kong SAR (FOB) - 2023
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Hong Kong SAR
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Hong Kong SAR

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $940 per ton, which is down by -7.4% against the previous month. In general, the import price saw a drastic downturn. The pace of growth appeared the most rapid in January 2023 an increase of 255% month-to-month. As a result, import price attained the peak level of $3,166 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -0.2% per month.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Hong Kong SAR (FOB) - 2023

In November 2023, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,495 per ton, therefore, remained relatively stable against the previous month. In general, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 20% month-to-month. Over the period under review, the average export prices hit record highs at $1,930 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -2.1% per month.

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

Imports of alloy steel flat-rolled products, of a width 600mm or mores into Hong Kong SAR fell sharply to 59K tons in 2022, which is down by -23.5% compared with the previous year's figure. Overall, imports faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2.1% against the previous year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores shrank dramatically to $68M in 2022. In general, imports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of $84M, and then declined rapidly in the following year.

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

1. Japan (43.7K tons)
2. China (9.4K tons)
3. South Korea (4.5K tons)

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

In 2022, approx. 26K tons of alloy steel flat-rolled products, of a width 600mm or mores were exported from Hong Kong SAR; which is down by -35.5% on the previous year. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, the exports reached the peak of 40K tons, and then declined significantly in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores declined notably to $41M in 2022. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.1% 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 +19.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 52% against the previous year. As a result, the exports reached the peak of $52M, and then shrank dramatically in the following year.

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

1. China (25.6K tons)

Source: IndexBox Market Intelligence Platform