Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Norway - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Norway (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Norway (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Norway
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Norway

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Norway (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $1,642 per ton, dropping by -21.7% against the previous year. Over the period under review, the import price recorded a pronounced slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $3,292 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($1,703 per ton), while the price for Sweden amounted to $813 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+87.6%), while the prices for the other major suppliers experienced a decline.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Norway (FOB) - 2022

The average export price for steel, alloy stood at $3,413 per ton in 2022, growing by 38% against the previous year. Overall, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of 53%. Over the period under review, the average export prices attained the peak figure at $4,457 per ton in 2012; however, from 2013 to 2022, 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 Poland.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to -2.0% per year.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Norway

In 2022, overseas purchases of steel, alloy increased by 2.1% to 1.8 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a precipitous shrinkage.

In value terms, imports of steel, alloy shrank sharply to $2.9K in 2022. Overall, imports, however, showed a precipitous decline.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Norway in 2022:

1. United States (1397.0 kg)
2. Sweden (363.0 kg)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Norway

In 2022, exports of steel, alloy from Norway plummeted to 75 kg, dropping by -42.3% compared with the previous year. Overall, exports showed a sharp curtailment. The smallest decline of -31.9% was in 2021.

In value terms, exports of steel, alloy declined significantly to $256 in 2022. In general, exports showed a precipitous decline.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from Norway in 2022:

1. Poland (75.0 kg)

Source: IndexBox Market Intelligence Platform