Price for Steel, Stainless; Ingots and Other Primary Forms in Mexico - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Mexico (CIF) - 2023
- Price for Steel, Stainless; Ingots and Other Primary Forms in Mexico (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Mexico
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Mexico
Price for Steel, Stainless; Ingots and Other Primary Forms in Mexico (CIF) - 2023
The average import price for steel, stainless; ingots and other primary formses stood at $3,877 per ton in September 2023, stabilizing at the previous month. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 8.7% month-to-month. The import price peaked at $6,751 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to -6.0% per month.
Price for Steel, Stainless; Ingots and Other Primary Forms in Mexico (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $5,082 per ton, approximately mirroring the previous year. Overall, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price decreased by -38.3%. Over the period under review, the average export prices attained the peak figure at $6,992 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 Ecuador ($11,874 per ton), while the average price for exports to China ($2,874 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 United States (-3.3%).
Imports of Steel, Stainless; Ingots and Other Primary Forms in Mexico
In 2022, the amount of steel, stainless; ingots and other primary formses imported into Mexico shrank significantly to 5.7 tons, with a decrease of -97.5% compared with 2021. Overall, imports continue to indicate a dramatic curtailment. The smallest decline of -2% was in 2020.
In value terms, imports of steel, stainless; ingots and other primary formses declined remarkably to $16K in 2022. In general, imports continue to indicate a significant curtailment. The smallest decline of -11.8% was in 2020.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 912 | 743 | 270 | 16.2 | -73.9% |
| Austria | 139 | 56.8 | 89.9 | N/A | -19.6% |
| Italy | 312 | 255 | 161 | N/A | -28.2% |
| Netherlands | 187 | 188 | 158 | N/A | -8.1% |
| Others | 104 | 216 | 66.0 | N/A | -20.3% |
| Total | 1,654 | 1,459 | 745 | 16.2 | -78.6% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Mexico in 2022:
- United States (5.7 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Mexico
Exports of steel, stainless; ingots and other primary formses from Mexico was estimated at 7.9 tons in 2022, remaining constant against the previous year's figure. Overall, exports faced a dramatic slump. The smallest decline of 99.9% was in 2021.
In value terms, exports of steel, stainless; ingots and other primary formses amounted to $40K in 2022. In general, exports recorded a precipitous decrease. The smallest decline of 99.9% was in 2021.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Ecuador | N/A | N/A | 18.1 | 0% | |
| United States | 69.3 | N/A | 17.6 | -49.6% | |
| Turkey | 9.1 | N/A | 2.4 | -48.6% | |
| China | N/A | N/A | 1.3 | 0% | |
| Others | 2.2 | N/A | 0.9 | -36.0% | |
| Total | 80.6 | N/A | 40.3 | -29.3% | |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Mexico in 2022:
- United States (5.4 tons)
- Ecuador (1.5 tons)
- Turkey (0.4 tons)
- China (0.4 tons)
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