Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan (FOB) - 2023
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan (CIF) - 2022
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan (FOB) - 2023
The average export price for steel, alloy stood at $3,152 per ton in November 2023, reducing by -9.6% against the previous month. Over the period under review, the export price saw a pronounced curtailment. The growth pace was the most rapid in March 2023 an increase of 29% m-o-m. The export price peaked at $4,345 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($4,694 per ton), while the average price for exports to India ($1,011 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $5,588 per ton, growing by 35% against the previous year. In general, the import price posted strong growth. The growth pace was the most rapid in 2018 when the average import price increased by 76% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($5,562 per ton), while the price for South Korea totaled $5,346 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan
For the fourth year in a row, Japan recorded growth in shipments abroad of steel, alloy, which increased by 3.3% to 15K tons in 2022. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 13%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of steel, alloy surged to $49M in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 6.0 | 4.9 | 7.9 | 13.0 | 29.4% |
| United States | 1.3 | 0.5 | 5.4 | 9.3 | 92.7% |
| Canada | 3.5 | 4.0 | 4.7 | 8.0 | 31.7% |
| Kuwait | 2.6 | 4.9 | 6.3 | 7.9 | 44.8% |
| China | 2.7 | 2.8 | 2.6 | 3.3 | 6.9% |
| South Korea | 3.1 | 2.0 | 1.6 | 1.8 | -16.6% |
| India | 0.3 | 0.6 | 0.8 | 1.5 | 71.0% |
| Singapore | 0.3 | 0.3 | 0.7 | 1.0 | 49.4% |
| Taiwan (Chinese) | 2.5 | 1.0 | 1.1 | 0.5 | -41.5% |
| Others | 4.8 | 3.2 | 3.6 | 2.4 | -20.6% |
| Total | 27.0 | 24.2 | 34.6 | 48.8 | 21.8% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Japan in 2022:
- Australia (3.7K tons)
- United States (3.0K tons)
- Kuwait (2.3K tons)
- Canada (1.8K tons)
- China (1.7K tons)
- South Korea (0.8K tons)
- Singapore (0.6K tons)
- India (0.6K tons)
- Taiwan (Chinese) (0.3K tons)
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan
Imports of steel, alloy into Japan soared to 101 tons in 2022, increasing by 82% against the year before. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 588%. As a result, imports reached the peak of 184 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, alloy surged to $563K in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 384%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 15.1 | 71.0 | 390 | 408.2% |
| South Korea | 78.5 | 150 | 152 | 159 | 26.5% |
| Singapore | N/A | 301 | N/A | N/A | 0% |
| Others | 17.7 | N/A | 6.3 | 14.8 | -5.8% |
| Total | 96.2 | 466 | 230 | 563 | 80.2% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Japan in 2022:
- China (70.0 tons)
- South Korea (29.7 tons)
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