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

Contents:

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

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

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $594 per ton in 2022, surging by 34% against the previous year. Overall, the import price recorded a moderate increase. The growth pace was the most rapid in 2020 an increase of 140% against the previous year. As a result, import price reached the peak level of $724 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($616 per ton), while the price for the UK stood at $593 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $469 per ton in 2022, with an increase of 13% against the previous year. Overall, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $564 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.8% per year.

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

Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Nepal skyrocketed to 13K tons in 2022, jumping by 2,560% compared with the previous year. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels skyrocketed to $7.8M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (10.5K tons)
2. Sweden (2.0K tons)

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

For the fourth consecutive year, Nepal recorded growth in shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, which increased by 91% to 777 tons in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $364K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. India (776.9 tons)