Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania - 2023

Contents:

  1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania (CIF) - 2022
  2. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania (FOB) - 2022
  3. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania
  4. Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $3,376 per ton, dropping by -25.5% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy decreased by -32.6% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 69% against the previous year. As a result, import price reached the peak level of $5,008 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($4,023 per ton), while the price for the Czech Republic ($2,988 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania (FOB) - 2022

The average export price for steel, alloy stood at $4,770 per ton in 2022, waning by -17.3% against the previous year. Overall, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2015 an increase of 155%. As a result, the export price attained the peak level of $10,500 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to -2.2% per year.

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania

For the third consecutive year, Romania recorded decline in supplies from abroad of steel, alloy, which decreased by -35.6% to 31 tons in 2022. Overall, imports continue to indicate a precipitous decline. The smallest decline of -5.2% was in 2021.

In value terms, imports of steel, alloy fell notably to $104K in 2022. Over the period under review, imports faced a precipitous descent. The smallest decline of -14.2% was in 2021.

Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy34218814841.8-50.4%
Czech Republic84.165.468.538.8-22.7%
PolandN/AN/AN/A22.90%
OthersN/A0.21.10.9112.1%
Total426253217104-37.5%

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Romania in 2022:

  1. Czech Republic (13.0 tons)
  2. Italy (11.9 tons)
  3. Poland (5.7 tons)

Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Romania

In 2022, approx. 1.1 tons of steel, alloy were exported from Romania; surging by 1,247% against the previous year. In general, exports showed a significant expansion. 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 soared to $5K in 2022. Overall, exports saw 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 Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy0.30.30.55.0155.4%
OthersN/AN/AN/AN/A0%
Total0.30.30.55.0155.4%

Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Romania in 2022:

  1. Italy (1.1 tons)

Source: IndexBox Market Intelligence Platform

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