Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Spain - 2024

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Spain (CIF) - 2024
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Spain (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Spain
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Spain

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Spain (CIF) - 2024

In November 2023, the average import price for steel, alloy amounted to $902 per ton, increasing by 3.1% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 8% m-o-m. As a result, import price reached the peak level of $971 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From January 2023 to November 2023, the rate of growth in terms of prices for France amounted to +0.3% per month.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Spain (FOB) - 2022

The average export price for steel, alloy stood at $860 per ton in 2022, declining by -4.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 63%. Over the period under review, the average export prices hit record highs at $902 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,197 per ton), while the average price for exports to Egypt ($564 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 the Netherlands (+70.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Spain

Imports of steel, alloy into Spain contracted remarkably to 454K tons in 2022, waning by -15.4% compared with 2021. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 22%.

In value terms, imports of steel, alloy expanded remarkably to $451M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Spain in 2022:

1. France (391.7K tons)
2. Germany (28.0K tons)
3. India (10.4K tons)
4. Netherlands (3.3K tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Spain

After three years of growth, shipments abroad of steel, alloy decreased by -56.3% to 37K tons in 2022. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. As a result, the exports reached the peak of 85K tons, and then dropped dramatically in the following year.

In value terms, exports of steel, alloy shrank dramatically to $32M in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 155%. As a result, the exports attained the peak of $72M, and then reduced remarkably in the following year.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Spain in 2022:

1. Italy (14.4K tons)
2. Turkey (6.5K tons)
3. Germany (4.7K tons)
4. Portugal (3.7K tons)
5. Egypt (3.1K tons)
6. Morocco (1.5K tons)
7. Bulgaria (1.2K tons)
8. France (0.7K tons)

Source: IndexBox Market Intelligence Platform