Price for Ferrous Waste and Scrap; of Stainless Steel in Morocco - 2023

Price for Ferrous Waste and Scrap; of Stainless Steel in Morocco (FOB) - 2023

The average export price for ferrous waste and scrap; of stainless steels stood at $1,580 per ton in June 2023, falling by -8.9% against the previous month. Over the period under review, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in August 2022 an increase of 26% m-o-m. Over the period under review, the average export prices hit record highs at $2,524 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was India ($1,627 per ton), while the average price for exports to the Netherlands stood at $1,518 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.3%), while the prices for the other major destinations experienced a decline.

Price for Ferrous Waste and Scrap; of Stainless Steel in Morocco (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,202 per ton, approximately mirroring the previous year. Overall, the import price enjoyed tangible growth. The most prominent rate of growth was recorded in 2018 an increase of 696% against the previous year. As a result, import price attained the peak level of $9,000 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Lebanon.

From 2013 to 2022, the rate of growth in terms of prices for Guinea amounted to +52.9% per year.

Exports of Ferrous Waste and Scrap; of Stainless Steel in Morocco

In 2022, exports of ferrous waste and scrap; of stainless steels from Morocco shrank markedly to 5.5K tons, waning by -34.5% against 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 108%. As a result, the exports attained the peak of 8.5K tons, and then contracted dramatically in the following year.

In value terms, exports of ferrous waste and scrap; of stainless steels fell significantly to $12M in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 216% against the previous year. As a result, the exports reached the peak of $15M, and then contracted notably in the following year.

Export of Ferrous Waste and Scrap; of Stainless Steel in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	3.9	2.8	9.8	7.2	22.7%
Netherlands	0.4	0.2	2.0	1.9	68.1%
Spain	0.3	0.3	0.7	1.8	81.7%
China	0.9	0.8	2.0	0.5	-17.8%
Germany	0.1	N/A	0.1	0.3	44.2%
France	0.3	0.4	0.2	0.1	-30.7%
Others	0.3	0.2	0.4	0.2	-12.6%
Total	6.3	4.8	15.1	12.0	24.0%

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Morocco in 2022:

India (3413.2 tons)
Netherlands (822.0 tons)
Spain (798.1 tons)
China (234.2 tons)
Germany (126.5 tons)
France (52.3 tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Morocco

In 2022, approx. 15 tons of ferrous waste and scrap; of stainless steels were imported into Morocco; approximately mirroring 2021. Overall, imports recorded a precipitous contraction. The smallest decline of -94.7% was in 2020.

In value terms, imports of ferrous waste and scrap; of stainless steels totaled $18K in 2022. Over the period under review, imports saw a precipitous setback. The smallest decline of -91.6% was in 2020.