Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bahrain - 2022

Contents:

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

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bahrain (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $432 per ton, growing by 7.3% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +85.1% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 36%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($454 per ton), while the average price for exports to Pakistan totaled $380 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.4%).

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bahrain (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $445 per ton, which is down by -16.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 105% against the previous year. The import price peaked at $759 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 India ($1,053 per ton), while the price for Japan stood at $443 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bahrain

In 2022, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -12% to 178K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, the exports attained the peak of 203K tons, and then contracted in the following year.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted to $77M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of $82M, and then dropped in the following year.

Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Bahrain in 2022:

1. India (124.8K tons)
2. Pakistan (53.7K tons)

Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bahrain

In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Bahrain stood at 7.2K tons, picking up by 4.2% compared with the previous year's figure. Overall, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 19%.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels fell to $3.2M in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 143%. As a result, imports reached the peak of $3.7M, and then contracted in the following year.

Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Bahrain in 2022:

1. Japan (7.1K tons)