Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil - 2024
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil (CIF) - 2024
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $448 per ton in 2022, reducing by -4.6% against the previous year. Overall, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45%. Over the period under review, the average export prices reached the peak figure at $505 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,166 per ton), while the average price for exports to Paraguay ($92 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil (CIF) - 2024
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $588 per ton in September 2023, rising by 21% against the previous month. Over the period under review, import price indicated a prominent increase from January 2023 to September 2023: its price increased at an average monthly rate of +5.6% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +28.1% against July 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 65% month-to-month. The import price peaked at $730 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($1,380 per ton), while the price for Japan ($351 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels exported from Brazil contracted sharply to 380K tons, dropping by -25.3% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1.9%.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined notably to $170M in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports attained the peak of $239M, and then fell sharply in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 65.1 | 45.4 | 83.7 | 59.1 | -3.2% |
| India | 41.9 | 49.6 | 67.4 | 50.0 | 6.1% |
| Taiwan (Chinese) | 0.2 | 0.2 | 3.1 | 11.9 | 290.4% |
| United Arab Emirates | N/A | N/A | N/A | 6.3 | 0% |
| Pakistan | 19.3 | 23.6 | 31.8 | 5.5 | -34.2% |
| Belgium | 1.4 | 0.9 | 1.6 | 5.1 | 53.9% |
| China | 0.1 | 2.8 | 3.5 | 4.6 | 258.3% |
| Malaysia | N/A | 0.1 | 0.1 | 3.5 | 491.6% |
| South Korea | 0.1 | 0.1 | 0.3 | 3.4 | 224.0% |
| Paraguay | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Indonesia | 33.6 | 10.7 | N/A | N/A | -68.2% |
| South Africa | 25.4 | 8.4 | 13.6 | N/A | -26.8% |
| Others | 21.0 | 20.2 | 33.4 | 20.3 | -1.1% |
| Total | 208 | 162 | 239 | 170 | -6.5% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Brazil in 2022:
- Bangladesh (148.0K tons)
- India (118.9K tons)
- Taiwan (Chinese) (31.0K tons)
- Pakistan (16.7K tons)
- United Arab Emirates (11.8K tons)
- Malaysia (9.8K tons)
- South Korea (9.5K tons)
- China (9.3K tons)
- Belgium (7.5K tons)
- Paraguay (6.6K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels imported into Brazil declined rapidly to 44K tons, which is down by -81.8% on the year before. Overall, imports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 165%. As a result, imports attained the peak of 240K tons, and then reduced remarkably in the following year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted significantly to $28M in 2022. Over the period under review, imports showed a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 241% against the previous year. As a result, imports reached the peak of $102M, and then shrank sharply in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.5 | 1.1 | 7.5 | 9.7 | 40.5% |
| Paraguay | 0.5 | 0.4 | 4.1 | 8.1 | 153.0% |
| Bolivia | 1.4 | 4.2 | 6.9 | 3.7 | 38.3% |
| United States | 1.7 | 11.9 | 44.7 | 2.7 | 16.7% |
| Spain | 0.1 | 0.4 | 5.9 | 1.3 | 135.1% |
| Mexico | 0.3 | 1.0 | 2.3 | 1.1 | 54.2% |
| China | N/A | N/A | 0.5 | 0.3 | -40.0% |
| United Kingdom | 40.9 | N/A | N/A | N/A | 0% |
| Canada | 11.7 | 9.7 | 29.1 | N/A | 57.7% |
| Others | 1.2 | 1.2 | 1.3 | 1.0 | -5.9% |
| Total | 61.4 | 30.0 | 102 | 28.0 | -23.0% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Brazil in 2022:
- Paraguay (21.8K tons)
- Bolivia (9.3K tons)
- United States (5.4K tons)
- Germany (2.1K tons)
- Spain (1.7K tons)
- China (1.1K tons)
- Mexico (0.9K tons)
- United Kingdom (0.1K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Brazil.
692
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
521
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Brazil.
692
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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