Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Spain - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Spain (CIF) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Spain (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Spain
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Spain
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Spain (CIF) - 2024
In January 2024, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $438 per ton, picking up by 4.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 33% m-o-m. As a result, import price attained the peak level of $591 per ton. From May 2023 to January 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($1,588 per ton), while the price for France ($403 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), 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 Spain (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $724 per ton, which is down by -16.4% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of alloy steel (excluding stainless)s increased by +50.0% against 2017 indices. The growth pace was the most rapid in 2021 when the average export price increased by 44%. As a result, the export price reached the peak level of $866 per ton, and then reduced rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,349 per ton), while the average price for exports to Portugal ($381 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 Luxembourg (+23.0%), 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 Spain
In 2022, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into Spain declined rapidly to 202K tons, reducing by -18% compared with the year before. Overall, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, imports reached the peak of 246K tons, and then reduced rapidly in the following year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s shrank markedly to $101M in 2022. In general, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 130%. As a result, imports attained the peak of $123M, and then reduced sharply in the following year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 45.4 | 24.0 | 78.8 | 78.4 | 20.0% |
| United Kingdom | 19.4 | 11.7 | 12.0 | 7.8 | -26.2% |
| Portugal | 3.2 | 2.5 | 4.7 | 4.1 | 8.6% |
| Poland | N/A | N/A | 9.6 | 2.6 | -72.9% |
| Ireland | N/A | 6.1 | 9.9 | 1.8 | -45.7% |
| Others | 7.2 | 9.3 | 7.8 | 6.2 | -4.9% |
| Total | 75.2 | 53.5 | 123 | 101 | 10.3% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Spain in 2022:
- France (164.5K tons)
- United Kingdom (16.4K tons)
- Poland (6.3K tons)
- Ireland (5.5K tons)
- Portugal (2.8K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Spain
In 2022, approx. 24K tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were exported from Spain; with a decrease of -20.8% on 2021. In general, exports saw a slight descent. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of 31K tons, and then fell markedly in the following year.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s shrank sharply to $19M in 2022. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2021 when exports increased by 101%. As a result, the exports attained the peak of $26M, and then fell remarkably in the following year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | N/A | N/A | N/A | 4.8 | 0% |
| France | 9.5 | 6.0 | 13.3 | 3.9 | -25.7% |
| China | 0.3 | 1.5 | 2.1 | 2.8 | 110.5% |
| India | N/A | N/A | 0.2 | 1.5 | 650.0% |
| Portugal | 1.1 | 3.6 | 3.1 | 1.0 | -3.1% |
| Germany | 0.5 | 0.6 | 2.2 | 1.0 | 26.0% |
| Austria | 0.4 | 0.2 | 0.7 | 0.6 | 14.5% |
| Malaysia | 0.3 | 0.3 | 3.4 | 0.1 | -30.7% |
| Belgium | 0.8 | 0.3 | 0.2 | N/A | -50.0% |
| Others | 1.4 | 0.6 | 1.3 | 2.8 | 26.0% |
| Total | 14.3 | 13.2 | 26.5 | 18.6 | 9.2% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Spain in 2022:
- Morocco (11.0K tons)
- France (5.3K tons)
- Portugal (2.6K tons)
- India (1.5K tons)
- China (1.2K tons)
- Germany (0.6K tons)
- Austria (0.4K tons)
- Belgium (0.1K tons)
386
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Spain.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
386
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Spain.
692
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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