Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Finland - 2023

Contents:

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

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Finland (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $3,055 per ton, growing by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Netherlands ($3,991 per ton), while the price for Germany ($1,984 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Finland (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $3,427 per ton, picking up by 6.3% against the previous year. Overall, the export price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 96%. Over the period under review, the average export prices hit record highs at $7,409 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -7.7% per year.

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Finland

Imports of steel, alloy into Finland skyrocketed to 5.6K tons in 2022, rising by 96% against 2021 figures. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, alloy surged to $17M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Finland in 2022:

1. Netherlands (3.0K tons)
2. Germany (2.5K tons)
3. Italy (0.1K tons)

Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Finland

In 2022, approx. 75 kg of steel, alloy were exported from Finland; with an increase of 88% against 2021 figures. In general, exports, however, continue to indicate a precipitous contraction.

In value terms, exports of steel, alloy skyrocketed to $257 in 2022. Overall, exports, however, recorded a dramatic descent.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Finland in 2022:

1. Estonia (75.0 kg)

Source: IndexBox Market Intelligence Platform