Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal (CIF) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal (FOB) - 2023
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal (CIF) - 2023
In August 2023, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $369 per ton, dropping by -6.2% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 9.6% against the previous month. As a result, import price attained the peak level of $448 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were France ($399 per ton) and Germany ($388 per ton), while the price for Spain ($312 per ton) and Poland ($364 per ton) were amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+1.1%), 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 Portugal (FOB) - 2023
In August 2023, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $454 per ton, with a decrease of -5.8% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 18% against the previous month. As a result, the export price attained the peak level of $601 per ton. From January 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In August 2023, the country with the highest price was India ($507 per ton), while the average price for exports to Bangladesh ($433 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 the United States (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal
In 2022, overseas purchases of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -9.8% to 1.1M tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, imports attained the peak of 1.6M tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted significantly to $415M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of $492M, and then dropped significantly in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 98.7 | 105 | 197 | 148 | 14.5% |
| United Kingdom | 79.5 | 77.6 | 73.8 | 83.9 | 1.8% |
| Ireland | 34.4 | 26.2 | 55.2 | 63.8 | 22.9% |
| France | 24.9 | 57.1 | 88.0 | 54.8 | 30.1% |
| Sweden | 19.8 | 11.0 | 5.3 | 15.4 | -8.0% |
| Finland | 22.0 | 10.9 | 8.0 | 8.4 | -27.5% |
| Russia | 15.4 | 26.5 | 28.5 | 7.8 | -20.3% |
| Iceland | 7.6 | 6.2 | 7.5 | 6.6 | -4.6% |
| Germany | 31.6 | 22.3 | 8.1 | 4.4 | -48.2% |
| Norway | 13.8 | 18.0 | N/A | 4.3 | -32.2% |
| Netherlands | 12.9 | 24.9 | 1.9 | 4.1 | -31.8% |
| Denmark | 16.2 | 5.7 | N/A | 3.5 | -40.0% |
| Others | 5.6 | 10.5 | 18.3 | 10.7 | 24.1% |
| Total | 382 | 402 | 492 | 415 | 2.8% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Portugal in 2022:
- Spain (399.8K tons)
- United Kingdom (206.2K tons)
- Ireland (154.6K tons)
- France (141.0K tons)
- Sweden (41.9K tons)
- Finland (22.8K tons)
- Iceland (17.2K tons)
- Russia (16.7K tons)
- Norway (10.8K tons)
- Netherlands (10.5K tons)
- Germany (10.1K tons)
- Denmark (8.3K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal
Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Portugal shrank significantly to 293K tons in 2022, which is down by -22.8% on the year before. In general, exports faced a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 4.5% against the previous year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels dropped dramatically to $169M in 2022. Over the period under review, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. As a result, the exports attained the peak of $206M, and then dropped dramatically in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 137 | 114 | 182 | 153 | 3.8% |
| Turkey | N/A | N/A | N/A | 3.4 | 0% |
| Others | 10.8 | 13.2 | 23.5 | 12.6 | 5.3% |
| Total | 147 | 127 | 206 | 169 | 4.8% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Portugal in 2022:
- Spain (269.4K tons)
- Turkey (7.8K tons)
393
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Portugal.
679
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
393
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Portugal.
679
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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