Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea - 2022

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (CIF) - 2022

In 2022, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $4,058 per ton, dropping by -17.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 33%. The import price peaked at $5,487 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($13,656 per ton), while the price for China ($2,549 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (FOB) - 2022

In December 2022, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $2,209 per ton, approximately reflecting the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 11% m-o-m. The export price peaked at $2,384 per ton in May 2022; however, from June 2022 to December 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($4,705 per ton), while the average price for exports to China ($1,211 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea

Imports of alloy steel flat-rolled products, of a width of less than 600mms into South Korea surged to 32K tons in 2022, rising by 28% against the year before. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms expanded sharply to $131M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, imports attained the peak of $160M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to South Korea in 2022:

1. Japan (16.8K tons)
2. China (11.2K tons)
3. France (2.7K tons)
4. Germany (0.7K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea

For the third consecutive year, South Korea recorded decline in overseas shipments of alloy steel flat-rolled products, of a width of less than 600mms, which decreased by -23.5% to 41K tons in 2022. Overall, exports recorded a deep downturn. The smallest decline of -8.1% was in 2021.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms dropped to $88M in 2022. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 3.2% against the previous year.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from South Korea in 2022:

1. China (16.8K tons)
2. India (6.0K tons)
3. Indonesia (4.2K tons)
4. Vietnam (2.6K tons)
5. Thailand (1.9K tons)
6. Malaysia (1.6K tons)
7. Japan (1.3K tons)
8. Colombia (1.2K tons)
9. Canada (0.9K tons)
10. Egypt (0.9K tons)
11. Taiwan (Chinese) (0.6K tons)
12. Australia (0.2K tons)

Source: IndexBox Market Intelligence Platform