Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa (CIF) - 2023
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $1,009 per ton in July 2023, approximately mirroring the previous month. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 65% m-o-m. As a result, the export price reached the peak level of $1,010 per ton, leveling off in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,050 per ton), while the average price for exports to India totaled $979 per ton.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+16.7%).
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa (CIF) - 2023
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $201 per ton in July 2023, dropping by -6.7% against the previous month. In general, the import price saw a pronounced descent. The most prominent rate of growth was recorded in May 2023 an increase of 47% against the previous month. As a result, import price attained the peak level of $317 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Botswana ($226 per ton), while the price for Lesotho ($79.0 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Swaziland (+3.8%), 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 South Africa
After two years of decline, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels increased by 100% to 509K tons in 2022. Overall, exports, however, recorded a slight slump.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels skyrocketed to $192M in 2022. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 83.9 | 46.4 | 37.0 | 141 | 18.9% |
| Bangladesh | 21.9 | 6.2 | 15.8 | 26.8 | 7.0% |
| Pakistan | 16.3 | 11.2 | 34.2 | 18.2 | 3.7% |
| Kenya | 4.8 | 2.3 | N/A | N/A | -52.1% |
| Others | 7.0 | 4.5 | 2.3 | 5.2 | -9.4% |
| Total | 134 | 70.7 | 89.3 | 192 | 12.7% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from South Africa in 2022:
- India (382.0K tons)
- Bangladesh (65.8K tons)
- Pakistan (53.3K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa
In 2022, purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -35.1% to 66K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 4.4%. As a result, imports reached the peak of 210K 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 $15M in 2022. Over the period under review, imports showed a dramatic slump. The smallest decline of -17.4% was in 2021.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 5.3 | 2.4 | 5.7 | 5.7 | 2.5% |
| Lesotho | 0.5 | 0.4 | 1.2 | 1.5 | 44.2% |
| Swaziland | 1.6 | 1.2 | 1.8 | 1.2 | -9.1% |
| Zimbabwe | 4.4 | 3.2 | 3.6 | 0.9 | -41.1% |
| Brazil | 24.0 | 8.9 | 13.3 | 0.8 | -67.8% |
| Zambia | 2.4 | 1.2 | 1.4 | 0.7 | -33.7% |
| Namibia | 3.8 | 1.7 | 1.0 | 0.7 | -43.1% |
| Mozambique | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Germany | 3.0 | 3.8 | N/A | N/A | 26.7% |
| Malaysia | 18.2 | 10.7 | 3.2 | N/A | -58.1% |
| Turkey | N/A | 8.8 | N/A | N/A | 0% |
| Others | 1.6 | 9.2 | 11.3 | 3.4 | 28.6% |
| Total | 65.1 | 51.6 | 42.6 | 15.0 | -38.7% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to South Africa in 2022:
- Botswana (24.3K tons)
- Lesotho (10.4K tons)
- Zimbabwe (6.9K tons)
- Swaziland (6.2K tons)
- Namibia (3.1K tons)
- Mozambique (1.3K tons)
- Zambia (1.1K tons)
- Brazil (0.5K tons)
- Germany (0.3K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in South Africa.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
362
This report provides an in-depth analysis of the market for metal remelting scrap ingots in South Africa.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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