Price for Ferrous Waste and Scrap; of Stainless Steel in Romania - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Romania (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Stainless Steel in Romania (CIF) - 2023
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Romania
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Romania
Price for Ferrous Waste and Scrap; of Stainless Steel in Romania (FOB) - 2023
In December 2023, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,653 per ton, which is down by -7.5% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 50% m-o-m. The export price peaked at $2,282 per ton in April 2023; however, from May 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($2,527 per ton), while the average price for exports to Turkey stood at $666 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Romania (CIF) - 2023
The average import price for ferrous waste and scrap; of stainless steels stood at $1,428 per ton in December 2023, with a decrease of -20% against the previous month. Overall, the import price saw a noticeable descent. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 18% m-o-m. Over the period under review, average import prices reached the peak figure at $2,118 per ton in September 2023; however, from October 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for North Macedonia.
From December 2022 to December 2023, the rate of growth in terms of prices for Hungary amounted to +9.0% per month.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Romania
In 2022, exports of ferrous waste and scrap; of stainless steels from Romania fell to 17K tons, reducing by -5.1% compared with 2021 figures. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, the exports reached the peak of 18K tons, and then shrank in the following year.
In value terms, exports of ferrous waste and scrap; of stainless steels expanded to $37M in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 103%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.8 | 8.4 | 13.1 | 13.0 | 9.9% |
| Austria | 0.3 | 2.6 | 9.4 | 12.0 | 242.0% |
| Netherlands | 4.3 | 2.3 | 5.4 | 4.1 | -1.6% |
| India | 1.5 | 0.4 | 1.1 | 2.0 | 10.1% |
| Poland | 0.2 | 0.1 | 1.0 | 1.5 | 95.7% |
| Slovenia | N/A | 0.1 | 1.1 | 1.5 | 287.3% |
| Italy | 1.0 | 0.5 | 0.9 | 1.2 | 6.3% |
| Turkey | 2.3 | 1.8 | 3.0 | 0.5 | -39.9% |
| Others | 1.4 | 1.1 | 0.5 | 0.9 | -13.7% |
| Total | 20.9 | 17.4 | 35.4 | 36.7 | 20.6% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Romania in 2022:
- Austria (5.8K tons)
- Germany (4.5K tons)
- Netherlands (2.2K tons)
- Slovenia (1.2K tons)
- India (1.0K tons)
- Poland (0.8K tons)
- Italy (0.6K tons)
- Turkey (0.4K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Romania
In 2022, the amount of ferrous waste and scrap; of stainless steels imported into Romania contracted significantly to 1.3K tons, waning by -23.8% on the year before. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 666% against the previous year. As a result, imports reached the peak of 1.7K tons, and then declined dramatically in the following year.
In value terms, imports of ferrous waste and scrap; of stainless steels fell dramatically to $2.3M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 446% against the previous year. As a result, imports attained the peak of $3.3M, and then contracted rapidly in the following year.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 40.0 | 0.1 | 2,926 | 980 | 190.4% |
| Greece | 35.3 | 6.6 | 1.2 | 525 | 145.9% |
| Italy | 6.9 | 1.0 | 7.3 | 338 | 265.9% |
| North Macedonia | 102 | 171 | 249 | 243 | 33.6% |
| Germany | 163 | 107 | 44.2 | 148 | -3.2% |
| United Kingdom | 505 | 302 | N/A | N/A | -40.2% |
| Turkey | 40.1 | N/A | N/A | N/A | 0% |
| Others | 92.7 | 9.6 | 33.4 | 90.6 | -0.8% |
| Total | 985 | 598 | 3,261 | 2,325 | 33.1% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Romania in 2022:
- Bulgaria (574.7 tons)
- Greece (353.1 tons)
- North Macedonia (169.8 tons)
- Italy (143.3 tons)
- Germany (15.0 tons)
383
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Romania.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
383
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Romania.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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