Price for Ferrous Waste and Scrap; of Stainless Steel in South Africa - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in South Africa (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Stainless Steel in South Africa (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in South Africa
- Imports of Ferrous Waste and Scrap; of Stainless Steel in South Africa
Price for Ferrous Waste and Scrap; of Stainless Steel in South Africa (FOB) - 2024
The average export price for ferrous waste and scrap; of stainless steels stood at $1,498 per ton in January 2024, surging by 10% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 when the average export price increased by 28% m-o-m. The export price peaked at $1,685 per ton in March 2023; however, from April 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,297 per ton), while the average price for exports to India ($899 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Ferrous Waste and Scrap; of Stainless Steel in South Africa (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $727 per ton, reducing by -49% against the previous year. Overall, the import price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 105% against the previous year. The import price peaked at $1,426 per ton in 2021, and then dropped notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malawi ($992 per ton), while the price for Zimbabwe ($191 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Stainless Steel in South Africa
In 2022, approx. 13K tons of ferrous waste and scrap; of stainless steels were exported from South Africa; with an increase of 1,775% against the previous year's figure. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of stainless steels surged to $19M in 2022. Over the period under review, exports continue to indicate 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 Stainless Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.8 | 0.7 | 0.8 | 16.4 | 173.7% |
| Netherlands | N/A | 0.1 | 0.1 | 1.3 | 260.6% |
| China | N/A | N/A | N/A | 0.8 | 0% |
| Others | 0.1 | 0.3 | 0.4 | 1.1 | 122.4% |
| Total | 1.0 | 1.1 | 1.3 | 19.5 | 169.2% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from South Africa in 2022:
- India (10.7K tons)
- Netherlands (0.8K tons)
- China (0.5K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in South Africa
In 2022, overseas purchases of ferrous waste and scrap; of stainless steels decreased by -84.8% to 2.4K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 4.3% against the previous year. As a result, imports reached the peak of 41K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of ferrous waste and scrap; of stainless steels shrank remarkably to $1.7M in 2022. Over the period under review, imports faced a precipitous descent. The smallest decline of -12.5% was in 2020.
| Import of Ferrous Waste and Scrap; of Stainless Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 2.0 | 1.2 | 1.4 | 0.6 | -33.1% |
| Democratic Republic of the Congo | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
| Namibia | 0.5 | 0.3 | 0.2 | 0.1 | -41.5% |
| Swaziland | 0.3 | 0.1 | N/A | 0.1 | -30.7% |
| Thailand | N/A | 7.4 | 2.8 | N/A | -62.2% |
| Mozambique | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Zimbabwe | 0.2 | 0.3 | 0.1 | N/A | -29.3% |
| Malaysia | 18.2 | 10.7 | 3.2 | N/A | -58.1% |
| Malawi | N/A | N/A | 0.1 | N/A | 0% |
| Germany | 3.0 | 3.8 | N/A | N/A | 26.7% |
| Turkey | N/A | 8.8 | N/A | N/A | 0% |
| Brazil | 24.0 | 8.5 | 13.3 | N/A | -25.6% |
| Others | 0.3 | 1.4 | 0.9 | 0.4 | 10.1% |
| Total | 48.9 | 42.8 | 22.5 | 1.7 | -67.4% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to South Africa in 2022:
- Zambia (785.2 tons)
- Democratic Republic of the Congo (522.8 tons)
- Zimbabwe (157.4 tons)
- Swaziland (133.4 tons)
- Namibia (106.5 tons)
- Mozambique (77.1 tons)
- Malawi (45.6 tons)
363
This report provides an in-depth analysis of the market for metal remelting scrap ingots in South Africa.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
363
This report provides an in-depth analysis of the market for metal remelting scrap ingots in South Africa.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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