Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark (CIF) - 2023
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark (FOB) - 2023
In August 2023, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $440 per ton, which is down by -2.4% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 11% against the previous month. As a result, the export price attained the peak level of $528 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Norway ($8,022 per ton), while the average price for exports to Turkey ($374 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 Norway (+39.1%), 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 Denmark (CIF) - 2023
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $365 per ton in August 2023, shrinking by -15.1% 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 an increase of 68% month-to-month. The import price peaked at $508 per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From October 2022 to August 2023, the rate of growth in terms of prices for Germany amounted to +3.0% per month.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark
In 2022, after three years of growth, there was significant decline in overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels, when their volume decreased by -8.1% to 1.8M tons. The total export volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 33%. As a result, the exports attained the peak of 2M tons, and then reduced in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels fell to $934M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. As a result, the exports reached the peak of $994M, and then fell in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 208 | 226 | 470 | 420 | 26.4% |
| Germany | 61.2 | 53.1 | 191 | 173 | 41.4% |
| Sweden | 55.6 | 67.3 | 79.1 | 85.1 | 15.2% |
| India | 14.3 | 11.2 | 18.9 | 49.2 | 51.0% |
| Netherlands | 23.9 | 15.2 | 43.3 | 39.8 | 18.5% |
| Lithuania | 6.3 | 16.7 | 34.1 | 24.9 | 58.1% |
| Morocco | 12.2 | 14.3 | 16.1 | 24.6 | 26.3% |
| Latvia | 7.3 | 8.6 | 15.4 | 22.6 | 45.7% |
| Norway | 18.5 | 11.7 | 21.9 | 18.7 | 0.4% |
| Pakistan | 8.4 | 11.8 | 19.5 | 17.8 | 28.4% |
| Portugal | 23.2 | 11.7 | 5.4 | 6.7 | -33.9% |
| Others | 43.6 | 26.9 | 79.3 | 51.3 | 5.6% |
| Total | 483 | 474 | 994 | 934 | 24.6% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Denmark in 2022:
- Turkey (908.4K tons)
- Germany (349.3K tons)
- India (91.2K tons)
- Latvia (72.6K tons)
- Sweden (69.2K tons)
- Lithuania (67.6K tons)
- Norway (63.4K tons)
- Morocco (52.0K tons)
- Netherlands (46.3K tons)
- Pakistan (33.3K tons)
- Portugal (16.2K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark
After three years of growth, purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -0.1% to 582K tons in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 77%.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels expanded to $253M in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 143%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 35.6 | 62.5 | 167 | 144 | 59.3% |
| Germany | 9.6 | 18.4 | 41.0 | 56.5 | 80.5% |
| Norway | 17.1 | 16.7 | 33.1 | 40.1 | 32.9% |
| United Kingdom | 0.1 | 0.1 | N/A | 5.3 | 275.6% |
| Others | 4.1 | 4.5 | 7.0 | 6.6 | 17.2% |
| Total | 66.4 | 102 | 248 | 253 | 56.2% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Denmark in 2022:
- Sweden (353.8K tons)
- Germany (132.8K tons)
- Norway (75.3K tons)
- United Kingdom (8.9K tons)
494
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Denmark.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
494
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Denmark.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
