Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Denmark - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Denmark (FOB) - 2023
2. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Denmark (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Denmark
4. Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Denmark

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Denmark (FOB) - 2023

In October 2023, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $349 per ton, reducing by -8.5% against the previous month. Over the period under review, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in November 2022 an increase of 43% month-to-month. As a result, the export price reached the peak level of $607 per ton. From December 2022 to October 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In October 2023, the country with the highest price was Sweden ($497 per ton), while the average price for exports to the Netherlands totaled $334 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Denmark (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $3,974 per ton, growing by 40% against the previous year. Overall, the import price saw significant growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 4,101%. Over the period under review, average import prices hit record highs at $26,734 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($31,546 per ton), while the price for Greenland ($63 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Denmark

For the fourth consecutive year, Denmark recorded growth in shipments abroad of ferrous waste and scrap; of tinned iron or steels, which increased by 42% to 23K tons in 2022. In general, exports showed significant growth. 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 tinned iron or steels soared to $13M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Denmark in 2022:

1. Netherlands (11.5K tons)
2. Pakistan (8.8K tons)
3. India (1.7K tons)
4. Germany (0.8K tons)
5. United Arab Emirates (0.4K tons)

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Denmark

In 2022, the amount of ferrous waste and scrap; of tinned iron or steels imported into Denmark fell markedly to 1.6K tons, which is down by -40.4% on the year before. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 1,134% against the previous year. As a result, imports reached the peak of 2.6K tons, and then reduced dramatically in the following year.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels shrank notably to $6.2M in 2022. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Denmark in 2022:

1. Netherlands (1348.8 tons)
2. Norway (190.0 tons)

Source: IndexBox Market Intelligence Platform