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

Contents:

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

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

The average import price for steel, alloy stood at $3,460 per ton in March 2022, almost unchanged from the previous month. Over the period under review, import price indicated buoyant growth from March 2021 to March 2022: its price increased at an average monthly rate of +6.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for steel, alloy increased by +71.7% against April 2021 indices. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 20% m-o-m. The import price peaked in March 2022.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United Arab Emirates ($4,418 per ton), while the price for China ($2,860 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.9%), 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 Indonesia (FOB) - 2022

The average export price for steel, alloy stood at $3,202 per ton in 2022, picking up by 28% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 33%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($4,106 per ton), while the average price for exports to Japan ($2,118 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 India (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of steel, alloy imported into Indonesia fell slightly to 4.4K tons, waning by -3.9% against the previous year. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 1.9%.

In value terms, imports of steel, alloy skyrocketed to $16M in 2022. Overall, imports recorded a noticeable descent.

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

1. China (1414.5 tons)
2. India (1275.6 tons)
3. United Arab Emirates (585.4 tons)
4. Malaysia (415.8 tons)
5. Singapore (275.8 tons)
6. Japan (108.0 tons)
7. France (89.5 tons)
8. Thailand (88.8 tons)
9. South Korea (3.4 tons)

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

In 2022, shipments abroad of steel, alloy decreased by -79.9% to 41 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 99% against the previous year. As a result, the exports reached the peak of 455 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of steel, alloy fell remarkably to $130K in 2022. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 132% against the previous year. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Vietnam (35.2 tons)
2. Paraguay (5.3 tons)

Source: IndexBox Market Intelligence Platform