Price for Steel, Alloy; Semi-Finished Products in India - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in India (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in India (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in India
- Exports of Steel, Alloy; Semi-Finished Products in India
Price for Steel, Alloy; Semi-Finished Products in India (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $791 per ton, which is down by -12.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $905 per ton, and then shrank 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 Canada ($1,845 per ton), while the price for China ($629 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Semi-Finished Products in India (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $1,330 per ton, surging by 19% against the previous year. Overall, the export price showed buoyant growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 171% against the previous year. As a result, the export price reached the peak level of $2,666 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($5,563 per ton), while the average price for exports to Nepal ($503 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in India
In 2022, approx. 29K tons of steel, alloy; semi-finished productses were imported into India; with a decrease of -18.4% against the year before. Overall, imports continue to indicate a significant contraction. The smallest decline of -17.3% was in 2021.
In value terms, steel, alloy; semi-finished products imports contracted notably to $23M in 2022. Over the period under review, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 7.7%.
| Import of Steel, Alloy; Semi-Finished Products in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.5 | 19.2 | 1.5 | 12.2 | -45.0% |
| Italy | 15.1 | 7.2 | 5.5 | 3.7 | -37.4% |
| Hong Kong SAR | 10.6 | N/A | 5.1 | 2.4 | -39.1% |
| Canada | 0.9 | 0.9 | 3.5 | 1.7 | 23.6% |
| Ukraine | 0.7 | 0.2 | 1.6 | 0.8 | 4.6% |
| Turkey | 0.1 | 0.3 | 1.2 | 0.6 | 81.7% |
| Oman | N/A | N/A | 10.2 | N/A | 0% |
| Singapore | 3.3 | N/A | N/A | N/A | 0% |
| Others | 3.5 | 1.6 | 3.1 | 1.4 | -26.3% |
| Total | 108 | 29.5 | 31.7 | 22.7 | -40.5% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to India in 2022:
- China (19.4K tons)
- Hong Kong SAR (3.4K tons)
- Italy (3.0K tons)
- Ukraine (0.9K tons)
- Canada (0.9K tons)
- Turkey (0.6K tons)
Exports of Steel, Alloy; Semi-Finished Products in India
In 2022, shipments abroad of steel, alloy; semi-finished productses decreased by -23.8% to 7.8K tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 537%. As a result, the exports reached the peak of 19K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, steel, alloy; semi-finished products exports reduced to $10M in 2022. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 345%. As a result, the exports attained the peak of $35M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Steel, Alloy; Semi-Finished Products in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 20.0 | 1.0 | 4.5 | -2.1% |
| Nepal | N/A | 0.1 | 4.3 | 2.5 | 400.0% |
| Germany | 0.7 | 3.8 | 2.9 | 1.6 | 31.7% |
| United Kingdom | 0.8 | 0.6 | 1.2 | 0.7 | -4.4% |
| Saudi Arabia | 0.5 | N/A | 0.1 | 0.1 | -41.5% |
| Taiwan (Chinese) | N/A | 9.3 | 0.1 | N/A | -98.9% |
| Others | 1.1 | 1.2 | 2.0 | 1.0 | -3.1% |
| Total | 7.9 | 35.0 | 11.4 | 10.4 | 9.6% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from India in 2022:
- Nepal (4.9K tons)
- China (1.9K tons)
- Germany (0.5K tons)
- Saudi Arabia (0.2K tons)
- United Kingdom (0.1K tons)
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