Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Germany - 2023

Contents:

1. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Germany (FOB) - 2023
2. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Germany (CIF) - 2023
3. Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Germany
4. Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Germany

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Germany (FOB) - 2023

In August 2023, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $531 per ton, rising by 3.8% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 27% m-o-m. The export price peaked at $644 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was India ($591 per ton), while the average price for exports to Switzerland ($330 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 Luxembourg (+1.9%), 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 Germany (CIF) - 2023

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $459 per ton in August 2023, picking up by 4.8% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 15% month-to-month. Over the period under review, average import prices hit record highs at $554 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Kazakhstan ($1,830 per ton), while the price for Canada ($304 per ton) was amongst the lowest.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+3.7%), 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 Germany

In 2022, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -10.5% to 7.9M tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 2.6% against the previous year. As a result, the exports attained the peak of 8.9M tons, and then reduced in the following year.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined slightly to $5.3B in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +59.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. As a result, the exports attained the peak of $5.3B, and then fell in the following year.

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

1. Netherlands (1659.0K tons)
2. Italy (1476.1K tons)
3. Belgium (1062.8K tons)
4. Luxembourg (902.9K tons)
5. Turkey (624.9K tons)
6. France (426.1K tons)
7. Austria (315.7K tons)
8. Switzerland (274.6K tons)
9. Finland (250.6K tons)
10. India (198.5K tons)

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

In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels imported into Germany declined to 4.4M tons, reducing by -12.5% compared with 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, imports attained the peak of 5M tons, and then declined in the following year.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced to $2.4B in 2022. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 112%. As a result, imports attained the peak of $2.6B, and then dropped in the following year.

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

1. Netherlands (1155.0K tons)
2. Czech Republic (813.1K tons)
3. Poland (650.9K tons)
4. France (420.4K tons)
5. Austria (325.5K tons)
6. Switzerland (277.6K tons)
7. Sweden (227.5K tons)
8. Belgium (101.2K tons)
9. Denmark (100.6K tons)
10. Norway (62.2K tons)