Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Nepal - 2022

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Nepal (CIF) - 2022
2. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Nepal

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Nepal (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $1,486 per ton in 2022, with a decrease of -10.3% against the previous year. Over the period under review, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure at $2,048 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,588 per ton), while the price for China amounted to $1,323 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.2%).

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Nepal

In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s imported into Nepal soared to 576 tons, rising by 75% compared with the year before. Overall, imports, however, continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 76%.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $856K in 2022. In general, imports, however, faced a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 70%.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Nepal in 2022:

1. India (353.3 tons)
2. China (223.2 tons)