Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $273 per ton in August 2023, picking up by 2.3% against the previous month. Over the period under review, the export price, however, saw a mild setback. The pace of growth was the most pronounced in March 2023 an increase of 4.6% m-o-m. The export price peaked at $306 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In August 2023, the country with the highest price was Greece ($375 per ton), while the average price for exports to Poland totaled $253 per ton.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $1,707 per ton in 2022, increasing by 28% against the previous year. Overall, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 131%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cyprus ($2,391 per ton), while the price for Poland ($261 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+19.0%), 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 Ukraine
Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Ukraine fell sharply to 54K tons in 2022, shrinking by -90.6% on the year before. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,484% against the previous year. As a result, the exports attained the peak of 575K tons, and then reduced sharply in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted sharply to $19M in 2022. Overall, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 2,234%. As a result, the exports reached the peak of $222M, and then fell markedly in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 10.0 | 7.0 | 187 | 7.5 | -9.1% |
| Poland | 0.2 | 0.2 | 8.1 | 6.6 | 220.8% |
| Greece | N/A | N/A | 7.2 | 1.9 | -73.6% |
| Germany | 0.6 | 0.6 | 1.6 | 1.3 | 29.4% |
| Romania | N/A | N/A | 14.8 | 0.8 | -94.6% |
| Netherlands | 0.7 | 1.1 | 0.8 | 0.3 | -24.6% |
| Slovakia | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
| Others | 0.2 | 0.6 | 2.0 | 0.8 | 58.7% |
| Total | 11.8 | 9.5 | 222 | 19.5 | 18.2% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Ukraine in 2022:
- Poland (21.4K tons)
- Turkey (19.2K tons)
- Greece (5.1K tons)
- Germany (2.7K tons)
- Romania (2.0K tons)
- Slovakia (0.9K tons)
- Netherlands (0.8K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine
In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Ukraine contracted significantly to 2K tons, dropping by -93.8% compared with 2021 figures. Overall, imports showed a significant decline. The pace of growth appeared the most rapid in 2021 when imports increased by 2.8% against the previous year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced markedly to $3.5M in 2022. Over the period under review, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, imports attained the peak of $44M, and then declined sharply in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 21.4 | 13.2 | 26.9 | 2.8 | -49.2% |
| Russia | 9.7 | 10.2 | 14.2 | 0.5 | -62.8% |
| Cyprus | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Bulgaria | N/A | N/A | 0.1 | N/A | 0% |
| Netherlands | 0.8 | 0.4 | 0.2 | N/A | -50.0% |
| Poland | 0.3 | 0.1 | 0.7 | N/A | 52.8% |
| Belarus | 0.7 | 1.5 | 0.7 | N/A | 0.0% |
| Others | 1.3 | 0.6 | 1.1 | N/A | -8.0% |
| Total | 34.3 | 26.0 | 44.0 | 3.5 | -53.3% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Ukraine in 2022:
- Turkey (1196.8 tons)
- Russia (484.9 tons)
- Poland (155.5 tons)
- Bulgaria (89.2 tons)
- Cyprus (74.1 tons)
- Belarus (4.9 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ukraine.
681
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
294
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ukraine.
681
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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