Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany (FOB) - 2023
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany (CIF) - 2023
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany (FOB) - 2023
In December 2023, the average export price for steel, alloy amounted to $3,255 per ton, shrinking by -9.2% against the previous month. Overall, the export price recorded a mild decrease. The pace of growth was the most pronounced in January 2023 when the average export price increased by 28% m-o-m. As a result, the export price reached the peak level of $4,877 per ton. From February 2023 to December 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($4,909 per ton), while the average price for exports to Turkey ($681 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.7%), 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 Germany (CIF) - 2023
The average import price for steel, alloy stood at $4,291 per ton in December 2023, jumping by 28% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. Over the period under review, average import prices reached the maximum at $4,792 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Czech Republic ($4,966 per ton), while the price for France ($2,033 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany
After two years of decline, shipments abroad of steel, alloy increased by 27% to 36K tons in 2022. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy skyrocketed to $119M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.4 | 13.9 | 13.1 | 27.8 | 43.5% |
| Lebanon | 4.3 | 2.5 | 9.3 | 15.0 | 51.7% |
| Hungary | 1.2 | 0.2 | 2.6 | 11.9 | 114.8% |
| Czech Republic | 0.2 | 0.5 | 3.2 | 10.4 | 273.3% |
| Italy | 8.4 | 8.4 | 12.3 | 9.3 | 3.5% |
| Turkey | 2.8 | 3.1 | 1.0 | 6.4 | 31.7% |
| Norway | N/A | 0.3 | 3.1 | 5.2 | 316.3% |
| Ireland | 0.1 | 2.8 | 4.3 | 4.8 | 263.4% |
| India | 9.3 | 4.6 | 4.6 | 4.2 | -23.3% |
| France | 1.4 | 0.5 | 0.1 | 4.1 | 43.1% |
| Poland | 0.1 | 1.3 | 2.6 | 3.2 | 217.5% |
| Pakistan | N/A | 0.1 | 0.9 | 2.7 | 419.6% |
| Belgium | 1.5 | 0.1 | 0.7 | 1.6 | 2.2% |
| Others | 15.5 | 13.4 | 9.8 | 11.8 | -8.7% |
| Total | 54.3 | 51.8 | 67.6 | 119 | 29.9% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Germany in 2022:
- Spain (6.8K tons)
- Lebanon (3.6K tons)
- India (3.2K tons)
- Turkey (3.1K tons)
- Czech Republic (3.0K tons)
- Hungary (3.0K tons)
- France (2.6K tons)
- Italy (2.5K tons)
- Norway (1.2K tons)
- Pakistan (1.1K tons)
- Ireland (1.0K tons)
- Poland (0.7K tons)
- Belgium (0.7K tons)
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany
In 2022, the amount of steel, alloy imported into Germany fell modestly to 16K tons, standing approx. at the previous year's figure. In general, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year.
In value terms, imports of steel, alloy soared to $49M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.8 | 4.7 | 7.7 | 14.2 | 34.8% |
| Netherlands | 18.9 | 6.5 | 9.0 | 10.3 | -18.3% |
| Czech Republic | 3.3 | 3.2 | 6.6 | 10.0 | 44.7% |
| Poland | 5.0 | 3.7 | 5.9 | 6.0 | 6.3% |
| Italy | 1.4 | 1.8 | 2.2 | 3.2 | 31.7% |
| Austria | 3.2 | 4.7 | 1.6 | 2.8 | -4.4% |
| China | N/A | 1.0 | 0.7 | 1.2 | 9.5% |
| Japan | 4.2 | 3.0 | 3.1 | 0.1 | -71.2% |
| Others | 6.9 | 0.6 | 1.3 | 1.6 | -38.6% |
| Total | 48.8 | 29.2 | 38.1 | 49.5 | 0.5% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Germany in 2022:
- France (5.4K tons)
- Czech Republic (3.2K tons)
- Netherlands (2.6K tons)
- Poland (2.0K tons)
- Austria (0.9K tons)
- Italy (0.8K tons)
- China (0.4K tons)
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