Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the Czech Republic - 2023

Contents:

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

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

The average export price for ferrous waste and scrap; of tinned iron or steels stood at $741 per ton in November 2023, falling by -3.8% against the previous month. Overall, the export price, however, showed pronounced growth. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 101% month-to-month. As a result, the export price attained the peak level of $925 per ton. From September 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($1,504 per ton), while the average price for exports to Slovakia ($196 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in the Czech Republic (CIF) - 2023

In November 2023, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $584 per ton, waning by -38.4% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 435% m-o-m. As a result, import price attained the peak level of $2,483 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Croatia ($957 per ton), while the price for Poland ($388 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+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 the Czech Republic

In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels decreased by -37.9% to 7.5K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 68%. As a result, the exports reached the peak of 18K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels fell rapidly to $4.4M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year.

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

1. Austria (2.6K tons)
2. Italy (2.4K tons)
3. Germany (2.1K tons)
4. Poland (0.3K tons)
5. Slovakia (0.1K tons)

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in the Czech Republic

For the fourth year in a row, the Czech Republic recorded growth in purchases abroad of ferrous waste and scrap; of tinned iron or steels, which increased by 92% to 6.5K tons in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 213%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels soared to $3.4M in 2022. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 443%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

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

1. Slovakia (2.6K tons)
2. Germany (1.9K tons)
3. Poland (1.0K tons)
4. France (0.9K tons)

Source: IndexBox Market Intelligence Platform