Price for Steel Alloy Wire of Silico-Manganese Steel in Argentina - 2023
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Argentina (CIF) - 2023
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Argentina
Price for Steel Alloy Wire of Silico-Manganese Steel in Argentina (CIF) - 2023
In December 2023, the average import price for steel alloy wire of silico-manganese steels amounted to $1,384 per ton, growing by 9.4% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 31% m-o-m. The import price peaked at $1,871 per ton in July 2023; however, from August 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Czech Republic ($2,002 per ton), while the price for China ($1,089 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Brazil (+0.1%), while the prices for the other major suppliers experienced a decline.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Argentina
In 2022, after three years of growth, there was significant decline in overseas purchases of steel alloy wire of silico-manganese steels, when their volume decreased by -8.7% to 4K tons. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 58% against the previous year.
In value terms, imports of steel alloy wire of silico-manganese steels reached $6.9M in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 2.5 | 5.9 | 6.1 | 53.1% |
| Brazil | 0.4 | 0.6 | 0.3 | 0.4 | 0.0% |
| Czech Republic | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| South Korea | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Others | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Total | 2.6 | 3.5 | 6.5 | 6.9 | 38.4% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Argentina in 2022:
- China (3598.6 tons)
- Brazil (239.6 tons)
- Czech Republic (82.1 tons)
- South Korea (22.4 tons)
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