Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia (FOB) - 2024
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $394 per ton in January 2024, with a decrease of -3.6% against the previous month. In general, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in August 2023 an increase of 15% month-to-month. As a result, the export price reached the peak level of $570 per ton. From September 2023 to January 2024, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In January 2024, the highest price was recorded for prices to Malaysia ($424 per ton) and Bangladesh ($405 per ton), while the average price for exports to Thailand ($331 per ton) and Vietnam ($354 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+0.3%), while the prices for the other major destinations experienced a decline.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $459 per ton in 2022, with a decrease of -6.5% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2019 an increase of 67%. Over the period under review, average import prices attained the peak figure at $987 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,873 per ton), while the price for New Zealand totaled $317 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-11.8%).
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia
In 2022, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from Australia surged to 196K tons, rising by 42% on the year before. Overall, total exports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s skyrocketed to $89M in 2022. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 71%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 7.8 | 4.6 | 20.9 | 28.1 | 53.3% |
| Bangladesh | 16.4 | 10.2 | 4.5 | 12.2 | -9.4% |
| Taiwan (Chinese) | 3.7 | 0.3 | 6.9 | 11.3 | 45.1% |
| Malaysia | 5.9 | 4.5 | 11.5 | 11.3 | 24.2% |
| Thailand | 1.5 | 0.8 | 5.8 | 10.1 | 88.8% |
| India | 15.8 | 13.3 | 5.3 | 5.8 | -28.4% |
| Vietnam | 0.6 | 0.2 | 4.0 | 4.4 | 94.3% |
| Others | 2.4 | 2.0 | 2.5 | 5.8 | 34.2% |
| Total | 54.1 | 35.8 | 61.4 | 89.0 | 18.0% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Australia in 2022:
- Indonesia (56.0K tons)
- Bangladesh (29.2K tons)
- Thailand (27.7K tons)
- Malaysia (25.8K tons)
- Taiwan (Chinese) (23.5K tons)
- India (11.9K tons)
- Vietnam (11.2K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia
In 2022, purchases abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -9.6% to 90K tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 14,216% against the previous year. As a result, imports reached the peak of 115K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s contracted remarkably to $43M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 11,224% against the previous year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | 25.0 | 33.9 | 25.5 | 1.0% |
| United States | N/A | 9.3 | 18.3 | 17.3 | 36.4% |
| Others | 0.3 | 0.1 | 0.1 | 0.4 | 10.1% |
| Total | 0.3 | 34.4 | 52.2 | 43.2 | 424.1% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Australia in 2022:
- New Zealand (80.4K tons)
- United States (9.2K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Australia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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