Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $565 per ton, picking up by 21% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +89.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 57% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,339 per ton), while the average price for exports to Kazakhstan ($199 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+7.2%), 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 Russia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $359 per ton, almost unchanged from the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 41% against the previous year. The import price peaked at $369 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($392 per ton), while the price for Kazakhstan amounted to $357 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia
In 2022, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -79.4% to 874K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 3.4% against the previous year. As a result, the exports reached the peak of 4.6M tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced markedly to $494M in 2022. Over the period under review, exports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $2B, and then declined markedly in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 570 | 654 | 899 | 223 | -26.9% |
| South Korea | 225 | 170 | 267 | 173 | -8.4% |
| Germany | 29.5 | 26.6 | 49.4 | 21.4 | -10.1% |
| Lithuania | 11.5 | 23.1 | 43.1 | 12.7 | 3.4% |
| Portugal | 15.4 | 26.6 | 28.6 | 7.5 | -21.3% |
| Kazakhstan | 4.7 | 2.9 | 4.9 | 5.1 | 2.8% |
| Belarus | 323 | 301 | 440 | N/A | 16.7% |
| Others | 281 | 170 | 256 | 51.0 | -43.4% |
| Total | 1,460 | 1,374 | 1,989 | 494 | -30.3% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Russia in 2022:
- Turkey (435.9K tons)
- South Korea (316.8K tons)
- Kazakhstan (25.6K tons)
- Lithuania (16.5K tons)
- Portugal (16.2K tons)
- Germany (16.0K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels imported into Russia declined to 718K tons, falling by -14.1% on the previous year's figure. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 86% against the previous year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank to $257M in 2022. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 159%. As a result, imports reached the peak of $296M, and then reduced in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 204 | 104 | 268 | 247 | 6.6% |
| Kyrgyzstan | 3.4 | 4.1 | 23.6 | 10.0 | 43.3% |
| Others | 7.7 | 6.3 | 4.6 | 0.2 | -70.4% |
| Total | 215 | 114 | 296 | 257 | 6.1% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Russia in 2022:
- Kazakhstan (691.9K tons)
- Kyrgyzstan (25.5K tons)
359
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Russian Federation.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
359
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Russian Federation.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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