Price for Ferrous Waste and Scrap; of Stainless Steel in the Netherlands - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in the Netherlands (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Stainless Steel in the Netherlands (CIF) - 2023
- Exports of Ferrous Waste and Scrap; of Stainless Steel in the Netherlands
- Imports of Ferrous Waste and Scrap; of Stainless Steel in the Netherlands
Price for Ferrous Waste and Scrap; of Stainless Steel in the Netherlands (FOB) - 2023
In December 2023, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,648 per ton, with a decrease of -3% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 25% m-o-m. Over the period under review, the average export prices hit record highs at $1,993 per ton in May 2023; however, from June 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,679 per ton), while the average price for exports to India stood at $1,079 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.3%), while the prices for the other major destinations experienced a decline.
Price for Ferrous Waste and Scrap; of Stainless Steel in the Netherlands (CIF) - 2023
The average import price for ferrous waste and scrap; of stainless steels stood at $1,566 per ton in December 2023, remaining constant against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 20% against the previous month. Over the period under review, average import prices hit record highs at $1,745 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the countries with the highest prices were the United States ($1,667 per ton) and the United Arab Emirates ($1,577 per ton), while the price for Nigeria ($1,379 per ton) and South Africa ($1,428 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Denmark (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Stainless Steel in the Netherlands
In 2022, the amount of ferrous waste and scrap; of stainless steels exported from the Netherlands dropped notably to 541K tons, reducing by -28.5% compared with the previous year. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of 757K tons, and then shrank remarkably in the following year.
In value terms, exports of ferrous waste and scrap; of stainless steels reduced to $1.3B in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +56.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of $1.4B, and then fell in the following year.
| Export of Ferrous Waste and Scrap; of Stainless Steel in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 492 | 418 | 589 | 628 | 8.5% |
| Belgium | 30.3 | 55.7 | 170 | 266 | 106.3% |
| Spain | 183 | 153 | 202 | 152 | -6.0% |
| India | 105 | 97.8 | 185 | 110 | 1.6% |
| Germany | 24.4 | 27.9 | 235 | 75.0 | 45.4% |
| Taiwan (Chinese) | 63.2 | 31.5 | 4.9 | 6.5 | -53.1% |
| Others | 16.8 | 30.3 | 19.6 | 32.3 | 24.3% |
| Total | 915 | 814 | 1,406 | 1,270 | 11.5% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from the Netherlands in 2022:
- Finland (254.8K tons)
- Belgium (118.2K tons)
- Spain (65.5K tons)
- India (55.8K tons)
- Germany (26.8K tons)
- Taiwan (Chinese) (4.5K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in the Netherlands
In 2022, the amount of ferrous waste and scrap; of stainless steels imported into the Netherlands dropped dramatically to 292K tons, shrinking by -20.6% compared with the previous year's figure. In general, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year.
In value terms, imports of ferrous waste and scrap; of stainless steels shrank to $570M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 88%. As a result, imports reached the peak of $642M, and then shrank in the following year.
| Import of Ferrous Waste and Scrap; of Stainless Steel in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 138 | 97.9 | 128 | 133 | -1.2% |
| Belgium | 56.6 | 35.0 | 79.9 | 84.6 | 14.3% |
| Turkey | 30.8 | 21.9 | 55.8 | 64.0 | 27.6% |
| France | 26.6 | 28.2 | 60.3 | 61.5 | 32.2% |
| Egypt | 15.1 | 21.0 | 36.4 | 19.0 | 8.0% |
| Greece | 4.4 | 3.1 | 17.6 | 17.4 | 58.1% |
| Russia | 49.1 | 37.2 | 36.8 | 13.7 | -34.7% |
| Denmark | 9.5 | 4.0 | 18.4 | 12.4 | 9.3% |
| Spain | 18.6 | 9.0 | 50.1 | 6.5 | -29.6% |
| Others | 104 | 83.9 | 159 | 158 | 15.0% |
| Total | 453 | 341 | 642 | 570 | 8.0% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to the Netherlands in 2022:
- Germany (89.1K tons)
- Belgium (41.2K tons)
- France (29.7K tons)
- Turkey (28.0K tons)
- Egypt (8.0K tons)
- Greece (7.6K tons)
- Denmark (6.3K tons)
- Russia (5.1K tons)
- Spain (4.1K tons)
386
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Netherlands.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
386
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Netherlands.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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