Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $686 per ton, shrinking by -4.1% against the previous year. Over the period under review, the import price, however, enjoyed notable growth. The pace of growth was the most pronounced in 2013 an increase of 264%. As a result, import price attained the peak level of $1,980 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lebanon ($686 per ton), while the price for the United States amounted to $686 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $542 per ton, declining by -7.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 127%. As a result, the export price attained the peak level of $1,207 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($542 per ton), while the average price for exports to Italy ($542 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 Belgium (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt
For the third year in a row, Egypt recorded decline in overseas purchases of ferrous waste and scrap; of alloy steel (excluding stainless)s, which decreased by -60% to 46K tons in 2022. In general, imports faced a sharp contraction. The smallest decline of -25.8% was in 2020.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s fell notably to $31M in 2022. Over the period under review, imports showed a significant contraction. The smallest decline of -15.2% was in 2020.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 7.5 | 5.5 | 9.4 | 16.5 | 30.1% |
| United States | 0.1 | 0.1 | N/A | 14.5 | 425.4% |
| Russia | 9.8 | 0.1 | 0.2 | N/A | -85.7% |
| Belgium | 21.6 | N/A | 36.0 | N/A | 29.1% |
| United Kingdom | N/A | 10.3 | 14.7 | N/A | 42.7% |
| Netherlands | 8.3 | 6.3 | 20.4 | N/A | 56.8% |
| Canada | 61.6 | 74.6 | N/A | N/A | 21.1% |
| Others | 5.4 | N/A | 1.0 | 0.2 | -66.7% |
| Total | 114 | 96.9 | 81.5 | 31.3 | -35.0% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Egypt in 2022:
- Lebanon (24.1K tons)
- United States (21.2K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s exported from Egypt surged to 133 tons, growing by 45% on the previous year's figure. In general, exports, however, showed a precipitous slump. The pace of growth appeared the most rapid in 2020 with an increase of 249%. As a result, the exports reached the peak of 1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s soared to $72K in 2022. Overall, exports, however, recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 131% against the previous year. As a result, the exports reached the peak of $375K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.2 | N/A | N/A | 50.6 | 16.3% |
| Italy | N/A | N/A | N/A | 16.3 | 0% |
| United Kingdom | 56.9 | N/A | N/A | 5.2 | -55.0% |
| India | 63.2 | 19.9 | 49.9 | N/A | -11.1% |
| United States | N/A | 355 | N/A | N/A | 0% |
| Others | 10.0 | N/A | 4.0 | N/A | -36.8% |
| Total | 162 | 375 | 53.9 | 72.2 | -23.6% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Egypt in 2022:
- Germany (93.4 tons)
- Italy (30.0 tons)
- United Kingdom (9.6 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Egypt.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Egypt.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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