Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium (CIF) - 2023
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium (CIF) - 2023
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $4,915 per ton in November 2023, with a decrease of -12% against the previous month. Over the period under review, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in July 2023 an increase of 94% against the previous month. As a result, import price attained the peak level of $11,664 per ton. From August 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was China ($3,805 per ton), while the price for India stood at $2,846 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium (FOB) - 2022
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $10,341 per ton in 2022, growing by 59% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2014 an increase of 498% against the previous year. The export price peaked at $11,986 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($13,531 per ton), while the average price for exports to Paraguay ($966 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 France (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium
In 2022, the amount of steel, stainless; semi-finished products, other than of rectangular cross-sectia imported into Belgium surged to 2K tons, jumping by 54% compared with the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $12M in 2022. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.3 | 0.1 | 0.4 | 3.7 | 131.0% |
| Netherlands | 1.8 | 2.0 | 2.8 | 3.1 | 19.9% |
| Sweden | 1.7 | 2.1 | 2.2 | 2.4 | 12.2% |
| Austria | N/A | N/A | N/A | 0.8 | 0% |
| Germany | 1.2 | 0.8 | 0.7 | 0.7 | -16.4% |
| Italy | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Spain | N/A | 0.2 | 0.1 | 0.4 | 41.4% |
| South Korea | 1.4 | N/A | 1.2 | N/A | -7.4% |
| Others | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
| Total | 7.0 | 5.7 | 7.7 | 11.7 | 18.7% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Belgium in 2022:
- United Kingdom (814.9 tons)
- Sweden (414.8 tons)
- Netherlands (296.4 tons)
- Italy (168.1 tons)
- Austria (117.2 tons)
- Spain (96.1 tons)
- Germany (75.0 tons)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium
In 2022, approx. 422 tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were exported from Belgium; rising by 205% against 2021 figures. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 417%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia skyrocketed to $4.4M in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.8 | 2.2 | 11.6 | 3,768 | 1576.3% |
| Germany | 22.8 | 99.6 | 95.6 | 238 | 118.5% |
| United Kingdom | 0.1 | 1.6 | 15.3 | 115 | 947.7% |
| Brazil | 13.0 | 37.2 | 129 | 67.7 | 73.3% |
| France | 16.5 | 144 | 285 | 43.0 | 37.6% |
| Netherlands | 85.4 | 59.3 | 121 | 18.5 | -39.9% |
| Paraguay | N/A | N/A | N/A | 13.7 | 0% |
| India | 2.7 | 92.5 | 1.3 | 0.4 | -47.1% |
| Others | 204 | 102 | 241 | 97.7 | -21.8% |
| Total | 346 | 538 | 899 | 4,362 | 132.7% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Belgium in 2022:
- Italy (278.5 tons)
- Germany (70.4 tons)
- Brazil (22.9 tons)
- United Kingdom (16.8 tons)
- Paraguay (14.2 tons)
- France (6.0 tons)
- Netherlands (2.4 tons)
- India (0.2 tons)
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