Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria (CIF) - 2023
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $383 per ton in August 2023, flattening at the previous month. Over the period from October 2022 to August 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in January 2023 when the average export price increased by 14% against the previous month. The export price peaked at $453 per ton in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was India ($1,366 per ton), while the average price for exports to Turkey ($324 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+0.7%), 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 Bulgaria (CIF) - 2023
In August 2023, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $366 per ton, shrinking by -6.1% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 11% m-o-m. Over the period under review, average import prices attained the peak figure at $455 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Serbia.
From October 2022 to August 2023, the rate of growth in terms of prices for North Macedonia amounted to +1.5% per month.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria
In 2022, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Bulgaria fell significantly to 549K tons, reducing by -17.5% on the previous year's figure. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of 665K tons, and then fell markedly in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank to $242M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 126% against the previous year. As a result, the exports reached the peak of $275M, and then reduced in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 64.1 | 80.0 | 180 | 147 | 31.9% |
| North Macedonia | 26.2 | 19.1 | 44.2 | 50.4 | 24.4% |
| Romania | 9.0 | 7.5 | 25.3 | 15.8 | 20.6% |
| Greece | 14.9 | 2.7 | 3.9 | 8.3 | -17.7% |
| Others | 22.7 | 12.4 | 21.9 | 20.0 | -4.1% |
| Total | 137 | 122 | 275 | 242 | 20.9% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Bulgaria in 2022:
- Turkey (369.2K tons)
- North Macedonia (112.2K tons)
- Romania (38.1K tons)
- Greece (19.0K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria
In 2022, purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels was finally on the rise to reach 157K tons after two years of decline. Overall, imports, however, recorded a deep setback.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $72M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 53.5 | 27.0 | 45.0 | 57.3 | 2.3% |
| Serbia | 16.0 | 22.4 | 12.3 | 11.4 | -10.7% |
| North Macedonia | N/A | N/A | 1.3 | 1.7 | 30.8% |
| Others | 2.9 | 0.1 | 1.4 | 1.9 | -13.1% |
| Total | 72.5 | 49.5 | 60.0 | 72.3 | -0.1% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Bulgaria in 2022:
- Romania (126.5K tons)
- Serbia (24.6K tons)
- North Macedonia (4.1K tons)
351
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Bulgaria.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
351
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Bulgaria.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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