Metal Remelting Scrap Ingots Market

Metal remelting scrap ingots market: download new facts and figures enhanced by an Ai-driven market research platform. Statistics include exports, companies, market prices, imports, consumption, production, market size, and trade. Here is a breakdown by region, including the U.S., Africa, the U.K., EU, Russia, Latin America, China, and the Middle East. Market trends and outlook to 2030 are also provided in the dashboards.


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Metal Remelting Scrap Ingots - World's Largest Markets

RatingCountry
1Turkey
2India
3China
4Russia
5United States

In value terms, the largest metal remelting scrap ingots markets worldwide were Turkey, India and China, with a combined 37% share of the global market.

India saw the highest growth rate of market size, in terms of the main consuming countries over the period under review, while metal remelting scrap ingots market for the other global leaders experienced more modest paces of growth.

Metal Remelting Scrap Ingots Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
France240155185-12.2%
Austria267204198-13.9%
Russia16472275296-57.6%
Palestine430406416-1.6%
Average4114084120.1%

Prices varied noticeably by the country of origin; the country with the highest price was Palestine ($416 per ton), while France ($185 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Palestine, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Germany664574407-21.7%
Pakistan463414386-8.7%
Belarusn/a3312920.0%
Kuwait319348292-4.3%
Bahrainn/an/a2720.0%
Greece296331269-4.7%
Italy378229257-17.5%
Latvia296267247-8.7%
South Korea366268241-18.9%
Spain477324232-30.3%
Austria160149137-7.5%
Average352353307-6.6%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Germany ($407 per ton), while Austria ($137 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain, while the other global leaders experienced a decline in the import price figures.

Metal Remelting Scrap Ingots - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Kuwait788822-46.4%
Belarusn/a5.28.50.0%
South Korea2.316.971.2%
Latvia5.53.14.9-5.0%
Austria4.85.14.4-4.7%

In value terms, Kuwait ($22M) constitutes the largest market for imported remelting scrap ingots of iron or steel worldwide, comprising 27% of global imports. The second position in the ranking was occupied by Belarus ($8.5M), with a 10% share of global imports. It was followed by South Korea, with a 8.2% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Kuwait totaled -46.4%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+64.3% per year) and South Korea (+71.2% per year).

Metal Remelting Scrap Ingots - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Palestine20224229120.0%
Austria8.77.38.90.9%
Russia0.48.28.7360.8%
France5.90.53.8-20.0%

In value terms, Palestine ($291M) remains the largest metal remelting scrap ingots supplier worldwide, comprising 81% of global exports. The second position in the ranking was occupied by Austria ($8.9M), with a 2.5% share of global exports. It was followed by Russia, with a 2.4% share.

From 2018 to 2020, the average annual growth rate of value in Palestine stood at +20.0%. In the other countries, the average annual rates were as follows: Austria (+0.9% per year) and Russia (+360.8% per year).

Metal Remelting Scrap Ingots - Market Forecast

Depressed by shrinking demand for metal remelting scrap ingots worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Metal Remelting Scrap Ingots - Product Coverage

  • HS 720450 - Ferrous products; remelting scrap ingots
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World - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for metal remelting scrap ingots.

Latin America and the Caribbean - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Latin America and the Caribbean.

Eastern Asia - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Eastern Asia.

South-Eastern Asia - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for metal remelting scrap ingots in South-Eastern Asia.

Africa - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Africa.

Central Asia - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Central Asia.

Southern Asia - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Southern Asia.

Australia and Oceania - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Australia and Oceania.

Northern America - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Northern America.

Middle East - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Middle East.

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