Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Canada - 2024

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Canada (FOB) - 2024
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Canada (CIF) - 2024
3. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Canada
4. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Canada

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Canada (FOB) - 2024

The average export price for steel, alloy stood at $887 per ton in December 2023, rising by 2.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 10% m-o-m. Over the period under review, the average export prices hit record highs at $1,111 per ton in June 2023; however, from July 2023 to December 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Mexico ($1,187 per ton), while the average price for exports to the United States amounted to $875 per ton.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.0%).

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Canada (CIF) - 2024

In December 2023, the average import price for steel, alloy amounted to $1,136 per ton, approximately equating the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 11% against the previous month. The import price peaked at $1,307 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Sweden ($1,619 per ton), while the price for the United States ($1,083 per ton) was amongst the lowest.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.6%), while the prices for the other major suppliers experienced a decline.

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Canada

After three years of growth, overseas shipments of steel, alloy decreased by -22.9% to 310K tons in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 121% against the previous year. As a result, the exports attained the peak of 402K tons, and then declined markedly in the following year.

In value terms, exports of steel, alloy fell slightly to $358M in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 210%. As a result, the exports attained the peak of $360M, leveling off in the following year.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Canada in 2022:

1. United States (301.9K tons)
2. Mexico (7.7K tons)

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Canada

In 2022, approx. 63K tons of steel, alloy were imported into Canada; rising by 16% on the previous year's figure. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of steel, alloy soared to $73M in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Canada in 2022:

1. United States (51.3K tons)
2. Sweden (4.3K tons)
3. Japan (3.0K tons)
4. United Kingdom (2.4K tons)
5. Finland (1.6K tons)

Source: IndexBox Market Intelligence Platform