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India - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

India - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Dec 20, 2022

Stainless Steel Angle Price in India Soars to $4,177 per Ton

India Stainless Steel Angle Export Price in July 2022

In July 2022, the stainless steel angle price amounted to $4,177 per ton (FOB, India), with an increase of 15% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 19% m-o-m. As a result, the export price attained the peak level of $4,343 per ton. From June 2022 to July 2022, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In July 2022, the country with the highest price was the United States ($4,928 per ton), while the average price for exports to the Philippines ($2,895 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

India Stainless Steel Angle Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In July 2022, the product with the highest price was steel, stainless ($4,209 per ton), while the average price for exports of steel, alloy; angles, shapes and sections amounted to $1,120 per ton.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: steel, alloy; angles, shapes and sections (+6.2%).

India Stainless Steel Angle Exports

In July 2022, shipments abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by -0.5% to 3.3K tons, falling for the fourth consecutive month after three months of growth. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in March 2022 with an increase of 52% month-to-month. As a result, the exports attained the peak of 7.1K tons. From April 2022 to July 2022, the growth of the exports failed to regain momentum.

In value terms, stainless steel angle exports expanded markedly to $14M (IndexBox estimates) in July 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in March 2022 with an increase of 45% month-to-month. As a result, the exports attained the peak of $24M. From April 2022 to July 2022, the growth of the exports remained at a lower figure.

India Stainless Steel Angle Exports by Type

Steel, stainless (3.2K tons) was the largest type of stainless steel angle exported from India, with a 99% share of total exports. It was followed by steel, alloy; angles, shapes and sections (34 tons), with a 1% share of total exports.

From January 2022 to July 2022, the average monthly growth rate of the volume of export of steel, stainless totaled -5.8%.

In value terms, steel, stainless ($14M) remains the largest type of stainless steel angle exported from India, comprising 100% of total exports. The second position in the ranking was taken by steel, alloy; angles, shapes and sections ($38K), with a 0.3% share of total exports.

From January 2022 to July 2022, the average monthly growth rate of the export volume of steel, stainless stood at -5.2%.

India Stainless Steel Angle Exports by Country

the United States (837 tons) was the main destination for stainless steel angle exports from India, accounting for a 26% share of total exports. Moreover, stainless steel angle exports to the United States exceeded the volume sent to the second major destination, Italy (297 tons), threefold. South Korea (212 tons) ranked third in terms of total exports with a 6.5% share.

From January 2022 to July 2022, the average monthly growth rate of volume to the United States totaled -3.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Italy (-13.5% per month) and South Korea (-13.1% per month).

In value terms, the United States ($4.1M) remains the key foreign market for stainless steel angle exports from India, comprising 30% of total exports. The second position in the ranking was taken by Italy ($1.2M), with an 8.8% share of total exports. It was followed by South Korea, with a 6.3% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of value to the United States totaled -1.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Italy (-13.7% per month) and South Korea (-12.1% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stainless steel angle market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24107200 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of stainless steel
  • Prodcom 24107300 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of other alloy steel
  • Prodcom 24312050 - Sections, of alloy steel other than stainless, cold-finished or cold-formed (e.g. by cold-drawing)
  • Prodcom 24331200 - Cold-formed sections, obtained from flat products, of stainless steel

Country coverage:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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