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

Contents:

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

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

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $2,719 per ton in 2022, with an increase of 20% against the previous year. In general, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 169% against the previous year. As a result, import price reached the peak level of $3,822 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($30,000 per ton), while the price for Thailand ($791 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+48.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 78 tons of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were imported into Myanmar; growing by 185% on 2021 figures. Overall, imports, however, faced a deep setback.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s soared to $212K in 2022. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (75.3 tons)
2. Thailand (1.2 tons)
3. Indonesia (1.2 tons)