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

Price for Ferrous Waste and Scrap; of Stainless Steel in Sweden (CIF) - 2023

In December 2023, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,910 per ton, falling by -6.2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 15% month-to-month. Over the period under review, average import prices hit record highs at $2,401 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was India ($5,394 per ton), while the price for Norway ($1,842 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Stainless Steel in Sweden (FOB) - 2022

The average export price for ferrous waste and scrap; of stainless steels stood at $1,922 per ton in 2022, increasing by 3.5% against the previous year. Overall, the export price enjoyed mild growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($2,589 per ton), while the average price for exports to China ($1,079 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 Finland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of ferrous waste and scrap; of stainless steels decreased by -11.3% to 99K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, imports reached the peak of 121K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of ferrous waste and scrap; of stainless steels rose notably to $225M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Ferrous Waste and Scrap; of Stainless Steel in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	65.1	68.2	99.9	88.5	10.8%
Denmark	29.7	34.3	44.3	50.3	19.2%
Norway	12.2	15.0	19.1	30.8	36.2%
Finland	12.0	23.2	21.7	24.4	26.7%
India	6.4	4.3	6.9	11.6	21.9%
United States	4.2	2.7	5.4	9.1	29.4%
Czech Republic	3.1	6.8	5.6	6.1	25.3%
Others	7.9	5.2	4.8	4.2	-19.0%
Total	140	160	208	225	17.1%

Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Sweden in 2022:

Germany (47.1K tons)
Denmark (20.2K tons)
Norway (12.5K tons)
Finland (11.6K tons)
India (2.4K tons)
United States (2.4K tons)
Czech Republic (1.4K tons)

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

In 2022, the amount of ferrous waste and scrap; of stainless steels exported from Sweden surged to 66K tons, growing by 47% compared with the previous year. Overall, total exports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.6% against 2020 indices. As a result, the exports attained 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 $128M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Ferrous Waste and Scrap; of Stainless Steel in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	32.4	21.8	36.3	46.9	13.1%
Finland	12.8	11.2	14.1	36.6	41.9%
Germany	3.4	5.0	18.7	22.4	87.5%
Denmark	7.9	6.7	7.9	12.6	16.8%
Netherlands	5.2	2.0	4.9	7.5	13.0%
China	0.6	4.9	0.3	N/A	-29.3%
Others	1.9	0.5	1.9	1.6	-5.6%
Total	64.4	52.1	84.1	128	25.7%