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

Contents:

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

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

The average import price for steel, alloy stood at $4,274 per ton in 2022, picking up by 66% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 increased by +87.0% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +1.1% per year.

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

In 2022, the average export price for steel, alloy amounted to $3,690 per ton, surging by 35% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 88% against the previous year. The export price peaked at $18,591 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Angola amounted to +98.3% per year.

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

After two years of decline, purchases abroad of steel, alloy increased by 585% to 36 tons in 2022. Overall, imports, however, showed a precipitous curtailment.

In value terms, imports of steel, alloy surged to $154K in 2022. Over the period under review, imports, however, showed a significant decrease.

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

1. Turkey (35.9 tons)

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

For the third consecutive year, Portugal recorded growth in overseas shipments of steel, alloy, which increased by 37% to 33 tons in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 2,384%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of steel, alloy skyrocketed to $121K in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 264% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Brazil (32.9 tons)

Source: IndexBox Market Intelligence Platform