Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Mexico - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Mexico (FOB) - 2023
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Mexico
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Mexico (FOB) - 2023
In October 2023, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $510 per ton, increasing by 37% against the previous month. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 432% against the previous month. As a result, the export price reached the peak level of $1,643 per ton. From February 2023 to October 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +5.1% per month.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Mexico
In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels were finally on the rise to reach 4.3K tons after two years of decline. Over the period under review, total exports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 tinned iron or steels soared to $1.7M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.1% against 2020 indices. 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 Tinned Iron or Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 0.9 | 1.1 | 1.7 | 15.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 0.9 | 1.1 | 1.7 | 15.6% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Mexico in 2022:
- United States (4.3K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Mexico.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Mexico.
681
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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