Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany (FOB) - 2024
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $870 per ton in January 2024, increasing by 17% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average export price increased by 38% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,250 per ton in May 2023; however, from June 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($4,105 per ton), while the average price for exports to Switzerland ($119 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $1,051 per ton, rising by 13% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; of alloy steel (excluding stainless)s increased by +64.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 58% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,588 per ton), while the price for Switzerland ($468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany
For the fourth year in a row, Germany recorded growth in overseas shipments of ferrous waste and scrap; of alloy steel (excluding stainless)s, which increased by 7.7% to 171K tons in 2022. The total export volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s expanded to $172M in 2022. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 94% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 26.7 | 25.4 | 41.0 | 45.5 | 19.4% |
| Austria | 13.6 | 12.2 | 36.2 | 38.3 | 41.2% |
| Belgium | 13.1 | 13.4 | 23.8 | 20.5 | 16.1% |
| India | 8.0 | 5.8 | 10.0 | 12.5 | 16.0% |
| Italy | 7.1 | 5.2 | 9.7 | 11.5 | 17.4% |
| France | 9.1 | 7.5 | 14.3 | 11.4 | 7.8% |
| Pakistan | 2.3 | 1.0 | 4.6 | 3.1 | 10.5% |
| Poland | 2.9 | 1.5 | 1.6 | 2.7 | -2.4% |
| Others | 17.4 | 13.5 | 24.9 | 26.7 | 15.3% |
| Total | 100 | 85.5 | 166 | 172 | 19.8% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Germany in 2022:
- Netherlands (75.8K tons)
- Belgium (24.2K tons)
- Austria (14.3K tons)
- France (14.0K tons)
- Italy (11.1K tons)
- India (10.7K tons)
- Poland (5.5K tons)
- Pakistan (4.7K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany
In 2022, approx. 78K tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were imported into Germany; picking up by 8.9% against the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $82M in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 137%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.7 | 7.4 | 16.9 | 15.2 | 25.4% |
| United States | 2.4 | 1.0 | 4.6 | 8.0 | 49.4% |
| Switzerland | 2.5 | 2.0 | 7.2 | 7.3 | 42.9% |
| France | 1.3 | 2.0 | 3.7 | 6.4 | 70.1% |
| Italy | 2.1 | 1.0 | 4.2 | 5.1 | 34.4% |
| Russia | 4.2 | 2.8 | 10.0 | 4.6 | 3.1% |
| Poland | 2.3 | 1.5 | 3.0 | 4.3 | 23.2% |
| Austria | 2.1 | 1.8 | 2.7 | 4.0 | 24.0% |
| Czech Republic | 2.3 | 1.6 | 3.2 | 3.9 | 19.2% |
| Turkey | 1.3 | 1.7 | 2.4 | 3.7 | 41.7% |
| Hungary | N/A | N/A | 0.6 | 2.4 | 300.0% |
| United Kingdom | 1.2 | 1.1 | 2.7 | 1.8 | 14.5% |
| Spain | 0.7 | 1.4 | 1.7 | 1.7 | 34.4% |
| Others | 8.4 | 5.3 | 9.2 | 13.2 | 16.3% |
| Total | 38.6 | 30.5 | 72.1 | 81.7 | 28.4% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Germany in 2022:
- Netherlands (16.5K tons)
- Switzerland (15.6K tons)
- France (9.1K tons)
- Russia (5.4K tons)
- Czech Republic (4.8K tons)
- Italy (3.9K tons)
- Turkey (3.5K tons)
- Austria (3.2K tons)
- United States (3.1K tons)
- Poland (2.6K tons)
- Hungary (2.0K tons)
- Spain (1.3K tons)
- United Kingdom (0.9K tons)
424
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Germany.
693
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
424
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Germany.
693
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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