Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sweden - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sweden (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sweden (CIF) - 2023
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sweden
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sweden
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sweden (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $467 per ton in 2022, picking up by 3.6% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +65.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 60%. The export price peaked in 2022 and is likely to see gradual 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 the Netherlands ($1,432 per ton), while the average price for exports to Norway ($327 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 the Netherlands (+13.9%), 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 Sweden (CIF) - 2023
In August 2023, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $1,017 per ton, shrinking by -19.2% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in November 2022 an increase of 29% m-o-m. Over the period under review, average import prices hit record highs at $1,476 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was India ($4,892 per ton), while the price for Norway ($1,018 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Denmark (+15.4%), 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 Sweden
For the third consecutive year, Sweden recorded decline in shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, which decreased by -0.8% to 1.4M tons in 2022. Over the period under review, exports showed a slight contraction.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels rose to $665M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +59.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 40.4 | 55.9 | 117 | 110 | 39.6% |
| Turkey | 103 | 90.4 | 114 | 102 | -0.3% |
| Norway | 35.1 | 39.7 | 61.3 | 95.6 | 39.7% |
| India | 42.2 | 30.6 | 46.8 | 71.3 | 19.1% |
| Finland | 26.0 | 26.7 | 46.9 | 69.1 | 38.5% |
| Germany | 33.1 | 33.8 | 97.2 | 58.8 | 21.1% |
| Pakistan | 24.1 | 28.8 | 40.2 | 43.1 | 21.4% |
| United States | 58.7 | 63.2 | 68.8 | 41.6 | -10.8% |
| Others | 82.4 | 46.8 | 55.3 | 73.9 | -3.6% |
| Total | 445 | 416 | 647 | 665 | 14.3% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Sweden in 2022:
- Norway (292.2K tons)
- Denmark (262.8K tons)
- Turkey (240.5K tons)
- Germany (104.4K tons)
- United States (102.1K tons)
- Finland (95.4K tons)
- Pakistan (87.5K tons)
- India (77.6K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sweden
In 2022, supplies from abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -8.2% to 186K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a perceptible setback. The growth pace was the most rapid in 2020 with an increase of 3.2%. As a result, imports attained the peak of 207K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels rose remarkably to $275M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 40%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 72.6 | 72.2 | 111 | 103 | 12.4% |
| Denmark | 36.5 | 41.1 | 57.4 | 62.1 | 19.4% |
| Norway | 16.8 | 20.0 | 28.5 | 40.1 | 33.6% |
| Finland | 16.1 | 29.7 | 34.3 | 37.0 | 32.0% |
| Others | 24.8 | 21.9 | 28.1 | 33.6 | 10.7% |
| Total | 167 | 185 | 260 | 275 | 18.1% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Sweden in 2022:
- Germany (54.1K tons)
- Finland (46.5K tons)
- Denmark (43.4K tons)
- Norway (33.5K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sweden.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
415
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sweden.
693
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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