Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary (FOB) - 2024
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $350 per ton in December 2023, flattening at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 27% against the previous month. The export price peaked at $435 per ton in April 2023; however, from May 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Slovakia ($462 per ton), while the average price for exports to Poland ($300 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $356 per ton, declining by -3.8% against the previous year. Over the period under review, the import price, however, recorded slight growth. The growth pace was the most rapid in 2021 when the average import price increased by 81% against the previous year. As a result, import price reached the peak level of $370 per ton, and then contracted slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($652 per ton), while the price for Germany ($204 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+20.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary
After three years of growth, shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -3% to 152K tons in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 117%. As a result, the exports attained the peak of 157K tons, and then declined slightly in the following year.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s reduced modestly to $65M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 274% against the previous year. As a result, the exports attained the peak of $66M, leveling off in the following year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.4 | 9.3 | 36.0 | 26.9 | 61.4% |
| Slovenia | 4.9 | 4.6 | 14.5 | 16.3 | 49.3% |
| Austria | 0.2 | 0.1 | 1.7 | 11.7 | 288.2% |
| Croatia | 1.0 | 2.1 | 6.1 | 6.5 | 86.6% |
| Slovakia | N/A | N/A | 1.4 | 1.9 | 35.7% |
| Poland | 1.0 | 0.6 | 2.5 | 1.1 | 3.2% |
| Others | 0.5 | 0.8 | 3.7 | 1.0 | 26.0% |
| Total | 14.1 | 17.6 | 65.9 | 65.3 | 66.7% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Hungary in 2022:
- Italy (62.5K tons)
- Slovenia (38.0K tons)
- Austria (25.6K tons)
- Croatia (18.1K tons)
- Slovakia (3.6K tons)
- Poland (2.8K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary
In 2022, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into Hungary soared to 8.7K tons, rising by 16% on 2021. In general, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, imports attained the peak of 16K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s expanded rapidly to $3.1M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 28%. As a result, imports attained the peak of $3.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 2,566 | 2,767 | 2,059 | 1,643 | -13.8% |
| Slovakia | 29.2 | 166 | 610 | 972 | 221.7% |
| Germany | N/A | 364 | 0.2 | 404 | 5.4% |
| Slovenia | N/A | 11.2 | 63.9 | 77.7 | 163.4% |
| Others | 0.5 | 4.5 | 0.7 | 0.6 | 6.3% |
| Total | 2,596 | 3,313 | 2,733 | 3,096 | 6.0% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Hungary in 2022:
- Austria (5.1K tons)
- Germany (2.0K tons)
- Slovakia (1.5K tons)
- Slovenia (0.1K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Hungary.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
340
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Hungary.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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