Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Pakistan - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Pakistan (CIF) - 2023
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Pakistan
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Pakistan (CIF) - 2023
The average import price for ferrous waste and scrap; of tinned iron or steels stood at $270 per ton in June 2023, which is down by -41% against the previous month. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in December 2022 an increase of 96% m-o-m. As a result, import price attained the peak level of $599 per ton. From January 2023 to June 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From July 2022 to June 2023, the rate of growth in terms of prices for Poland amounted to +17.8% per month.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Pakistan
In 2022, overseas purchases of ferrous waste and scrap; of tinned iron or steels decreased by -41% to 43K tons, falling for the second year in a row after two years of growth. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 34%. As a result, imports attained the peak of 88K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels dropped dramatically to $20M in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 7.3 | 11.7 | 14.1 | 6.9 | -1.9% |
| United Kingdom | 1.6 | 2.2 | 2.2 | 4.1 | 36.8% |
| Italy | 0.8 | 3.0 | 1.9 | 3.8 | 68.1% |
| Poland | N/A | 1.1 | 1.5 | 0.8 | -14.7% |
| Kuwait | 1.1 | 1.1 | 3.4 | 0.8 | -10.1% |
| Costa Rica | N/A | 0.2 | 0.2 | 0.6 | 73.2% |
| United States | 0.9 | 1.3 | 1.2 | 0.4 | -23.7% |
| Yemen | 3.0 | 2.2 | 3.9 | 0.4 | -48.9% |
| South Africa | 3.2 | 1.1 | 0.2 | 0.4 | -50.0% |
| Russia | 1.3 | 0.9 | 0.7 | 0.3 | -38.7% |
| Brazil | 0.6 | 1.7 | 1.0 | 0.1 | -45.0% |
| Jordan | 1.6 | 0.1 | N/A | N/A | -93.8% |
| Others | 2.6 | 3.2 | 4.8 | 1.5 | -16.8% |
| Total | 24.1 | 29.7 | 35.1 | 20.2 | -5.7% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Pakistan in 2022:
- United Arab Emirates (13.9K tons)
- Italy (8.9K tons)
- United Kingdom (8.3K tons)
- Kuwait (1.8K tons)
- Poland (1.4K tons)
- Costa Rica (1.3K tons)
- Yemen (1.1K tons)
- United States (0.9K tons)
- South Africa (0.7K tons)
- Russia (0.7K tons)
- Brazil (0.2K tons)
481
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Pakistan.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
481
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Pakistan.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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