Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in India - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in India (CIF) - 2023
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in India (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in India
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in India
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in India (CIF) - 2023
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $687 per ton in November 2023, declining by -2.4% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 14% m-o-m. The import price peaked at $887 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($1,046 per ton), while the price for the United Arab Emirates ($524 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%), 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 India (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $1,781 per ton in 2022, growing by 281% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 944% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,722 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($17,279 per ton), while the average price for exports to Singapore ($839 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 China (+46.1%), 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 India
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s imported into India skyrocketed to 121K tons, jumping by 21% against the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 29%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $90M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.9 | 12.8 | 15.7 | 19.8 | 22.0% |
| Canada | 5.4 | 3.6 | 4.3 | 12.7 | 33.0% |
| United Arab Emirates | 10.3 | 7.0 | 10.1 | 12.0 | 5.2% |
| Australia | 4.2 | 4.3 | 5.9 | 6.0 | 12.6% |
| United Kingdom | 2.7 | 1.3 | 1.8 | 4.3 | 16.8% |
| Netherlands | 3.1 | 1.2 | 2.8 | 3.7 | 6.1% |
| Singapore | 2.2 | 1.4 | 2.8 | 3.5 | 16.7% |
| Sweden | 2.0 | 1.5 | 3.4 | 2.9 | 13.2% |
| Panama | N/A | N/A | 1.7 | 2.5 | 47.1% |
| Germany | 1.4 | 1.3 | 1.5 | 1.9 | 10.7% |
| South Africa | 2.9 | 1.4 | 1.1 | 1.8 | -14.7% |
| Namibia | N/A | N/A | 0.5 | 1.3 | 160.0% |
| Oman | 2.2 | 0.1 | 0.1 | 1.2 | -18.3% |
| Others | 23.1 | 15.5 | 22.6 | 17.2 | -9.4% |
| Total | 70.4 | 51.2 | 74.3 | 90.4 | 8.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to India in 2022:
- United States (24.9K tons)
- Canada (21.4K tons)
- United Arab Emirates (13.6K tons)
- Australia (6.6K tons)
- Netherlands (6.3K tons)
- Singapore (6.2K tons)
- United Kingdom (6.2K tons)
- Panama (4.2K tons)
- Sweden (3.5K tons)
- South Africa (3.4K tons)
- Namibia (2.2K tons)
- Oman (2.1K tons)
- Germany (2.0K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in India
Exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from India soared to 1.3K tons in 2022, growing by 143% against 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 295% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $2.3M in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 18.6 | 1,314 | 6964.5% |
| France | 190 | 83.0 | N/A | 536 | 41.3% |
| Germany | 109 | 19.5 | 288 | 301 | 40.3% |
| Singapore | N/A | N/A | 87.5 | 58.8 | -32.8% |
| Netherlands | N/A | N/A | 95.0 | 38.9 | -59.1% |
| South Korea | 58.6 | 22.9 | 90.2 | 37.1 | -14.1% |
| United Arab Emirates | 9.1 | 21.6 | 3.3 | 23.6 | 37.4% |
| Bhutan | N/A | N/A | 17.7 | N/A | 0% |
| Others | 95.0 | 44.4 | 55.8 | 15.1 | -45.8% |
| Total | 461 | 191 | 656 | 2,325 | 71.5% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from India in 2022:
- China (930.7 tons)
- Germany (195.7 tons)
- Singapore (70.1 tons)
- France (31.0 tons)
- Netherlands (24.2 tons)
- South Korea (22.8 tons)
- United Arab Emirates (19.7 tons)
442
This report provides an in-depth analysis of the market for metal remelting scrap ingots in India.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
442
This report provides an in-depth analysis of the market for metal remelting scrap ingots in India.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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