Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Bahrain - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Bahrain (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Bahrain (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Bahrain
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Bahrain

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Bahrain (CIF) - 2022

The average import price for steel, alloy stood at $1,277 per ton in 2022, dropping by -18.3% against the previous year. In general, the import price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2021 an increase of 116% against the previous year. As a result, import price reached the peak level of $1,563 per ton, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($7,505 per ton), while the price for Russia ($604 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Bahrain (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $713 per ton, picking up by 17% against the previous year. In general, the export price recorded a mild increase. The pace of growth was the most pronounced in 2015 an increase of 152% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,923 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($1,120 per ton), while the average price for exports to the United Arab Emirates stood at $100 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-0.4%).

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Bahrain

After two years of decline, overseas purchases of steel, alloy increased by 24% to 876 tons in 2022. Over the period under review, imports, however, continue to indicate a precipitous decrease.

In value terms, imports of steel, alloy stood at $1.1M in 2022. Overall, imports, however, recorded a deep slump.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils to Bahrain in 2022:

1. China (297.5 tons)
2. Germany (165.2 tons)
3. India (143.9 tons)
4. Sweden (67.6 tons)
5. Russia (61.8 tons)
6. Taiwan (Chinese) (54.6 tons)
7. Saudi Arabia (27.5 tons)
8. United Arab Emirates (14.1 tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils in Bahrain

Exports of steel, alloy from Bahrain was estimated at 54 tons in 2022, surging by 8.8% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 424% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of steel, alloy surged to $39K in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 694%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, Not in Coils from Bahrain in 2022:

1. Saudi Arabia (31.7 tons)
2. United Arab Emirates (21.7 tons)

Source: IndexBox Market Intelligence Platform