Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia (CIF) - 2023
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $368 per ton in August 2023, approximately reflecting the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 11% m-o-m. Over the period under review, the average export prices hit record highs at $426 per ton in May 2023; however, from June 2023 to August 2023, 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 October 2022 to August 2023, the rate of growth in terms of prices for the Czech Republic amounted to +2.6% per month.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia (CIF) - 2023
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $415 per ton in July 2023, picking up by 4.6% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in March 2023 an increase of 14% m-o-m. As a result, import price attained the peak level of $465 per ton. From April 2023 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($463 per ton), while the price for Bulgaria ($37.0 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.3%), 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 Slovakia
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels exported from Slovakia reached 840K tons, remaining relatively unchanged against 2021. Overall, exports, however, recorded a perceptible setback. The growth pace was the most rapid in 2021 with an increase of 11%.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank modestly to $365M in 2022. Over the period under review, exports recorded buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 87%. As a result, the exports reached the peak of $375M, and then contracted slightly in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 50.9 | 46.6 | 103 | 93.8 | 22.6% |
| Czech Republic | 40.1 | 37.6 | 70.4 | 76.0 | 23.8% |
| Poland | 64.2 | 49.4 | 69.5 | 67.6 | 1.7% |
| Italy | 21.7 | 24.5 | 58.1 | 38.2 | 20.7% |
| Hungary | 38.0 | 21.8 | 25.8 | 23.6 | -14.7% |
| Croatia | 1.2 | 0.5 | 10.6 | 21.1 | 160.0% |
| Slovenia | 4.8 | 7.4 | 16.7 | 19.1 | 58.5% |
| Germany | 14.5 | 8.6 | 15.3 | 17.9 | 7.3% |
| Others | 1.6 | 3.7 | 6.0 | 7.4 | 66.6% |
| Total | 237 | 200 | 375 | 365 | 15.5% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Slovakia in 2022:
- Austria (203.5K tons)
- Czech Republic (187.1K tons)
- Poland (167.6K tons)
- Italy (99.5K tons)
- Croatia (66.2K tons)
- Hungary (53.4K tons)
- Slovenia (35.2K tons)
- Germany (13.5K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia
In 2022, after three years of growth, there was significant decline in supplies from abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, when their volume decreased by -24.5% to 215K tons. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 111%.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels dropped notably to $101M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 138% against the previous year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 11.7 | 16.5 | 48.4 | 42.3 | 53.5% |
| Hungary | 7.4 | 11.4 | 49.9 | 31.2 | 61.6% |
| Poland | 8.7 | 42.8 | 22.4 | 17.7 | 26.7% |
| Germany | 0.5 | 0.5 | 2.8 | 4.1 | 101.7% |
| Austria | 0.4 | 0.7 | 1.6 | 4.0 | 115.4% |
| Others | 1.6 | 0.3 | 0.8 | 1.3 | -6.7% |
| Total | 30.3 | 72.1 | 126 | 101 | 49.4% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Slovakia in 2022:
- Czech Republic (88.3K tons)
- Hungary (69.8K tons)
- Poland (37.3K tons)
- Austria (9.8K tons)
- Germany (7.4K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Slovakia.
681
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
424
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Slovakia.
681
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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