Price for Ferrous Waste and Scrap; of Stainless Steel in Serbia - 2024

Price for Ferrous Waste and Scrap; of Stainless Steel in Serbia (FOB) - 2024

In January 2024, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,008 per ton, declining by -24.7% against the previous month. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in June 2023 when the average export price increased by 28% against the previous month. The export price peaked at $2,016 per ton in February 2023; however, from March 2023 to January 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Slovenia ($1,359 per ton), while the average price for exports to Italy ($414 per ton) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced a decline.

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

The average import price for ferrous waste and scrap; of stainless steels stood at $2,727 per ton in 2022, surging by 27% against the previous year. Overall, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 54%. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($2,869 per ton), while the price for Bosnia and Herzegovina totaled $2,307 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+31.6%).

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

In 2022, approx. 4.5K tons of ferrous waste and scrap; of stainless steels were exported from Serbia; waning by -33.6% compared with 2021 figures. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, the exports reached the peak of 6.7K tons, and then fell rapidly in the following year.

In value terms, exports of ferrous waste and scrap; of stainless steels dropped markedly to $9.1M in 2022. Over the period under review, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 102%. As a result, the exports reached the peak of $11M, and then shrank rapidly in the following year.

Export of Ferrous Waste and Scrap; of Stainless Steel in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1.1	1.2	3.8	3.7	49.8%
Italy	1.6	1.2	3.2	2.8	20.5%
Slovenia	1.4	1.8	2.7	1.6	4.6%
Netherlands	1.7	1.3	1.2	0.9	-19.1%
Others	N/A	0.1	0.2	N/A	100.0%
Total	5.8	5.5	11.1	9.1	16.2%

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

Italy (1765.0 tons)
Germany (1543.8 tons)
Slovenia (777.7 tons)
Netherlands (393.9 tons)

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of ferrous waste and scrap; of stainless steels, when their volume decreased by -17.9% to 2K tons. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 731%. As a result, imports reached the peak of 2.4K tons, and then shrank rapidly in the following year.

In value terms, imports of ferrous waste and scrap; of stainless steels expanded modestly to $5.4M in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,075%. Imports peaked in 2022 and are likely to see gradual growth in years to come.