Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia (FOB) - 2023
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $1,067 per ton in November 2023, with an increase of 198% against the previous month. Overall, the export price posted buoyant growth. Over the period under review, the average export prices hit record highs at $1,077 per ton in September 2023; afterwards, it flattened through to November 2023.
As there is only one major export destination, the average price level is determined by prices for India.
From December 2022 to November 2023, the rate of growth in terms of prices for India amounted to +0.6% per month.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $257 per ton in 2022, shrinking by -83.3% against the previous year. In general, the import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 119%. As a result, import price attained the peak level of $1,537 per ton, and then shrank significantly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Belarus.
From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +10.6% per year.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia
In 2022, shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -0.6% to 55K tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 370% against the previous year. As a result, the exports attained the peak of 57K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s rose to $23M in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 455% 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; of Alloy Steel (Excluding Stainless) in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.9 | 17.0 | 21.7 | 22.6 | 98.3% |
| Others | 0.2 | 0.3 | 0.5 | 0.6 | 44.2% |
| Total | 3.1 | 17.3 | 22.2 | 23.2 | 95.6% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Estonia in 2022:
- Turkey (55.0K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s imported into Estonia contracted significantly to 335 kg, which is down by -99.8% against the previous year. In general, imports showed a precipitous shrinkage. The smallest decline of -1.4% was in 2021.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s reduced sharply to $86 in 2022. Over the period under review, imports showed a sharp curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 116% against the previous year. As a result, imports attained the peak of $212K, and then declined notably in the following year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | N/A | N/A | N/A | 0.1 | 0% |
| Russia | 182 | 98.5 | 48.1 | N/A | -48.6% |
| Ukraine | N/A | N/A | 164 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 182 | 98.5 | 212 | 0.1 | -91.8% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Estonia in 2022:
- Belarus (335.0 kg)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Estonia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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