Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $419 per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, showed a modest increase. The pace of growth was the most pronounced in 2021 an increase of 79%. Over the period under review, the average export prices hit record highs at $440 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($499 per ton) and Germany ($463 per ton), while the average price for exports to Spain ($397 per ton) and Portugal ($417 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.6%), 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 Ireland (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $1,288 per ton in 2022, declining by -65.3% against the previous year. Over the period under review, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 274%. Over the period under review, average import prices reached the peak figure at $5,370 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -3.9% per year.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s exported from Ireland totaled 88K tons, remaining constant against 2021 figures. Overall, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 18%. As a result, the exports attained the peak of 133K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s shrank slightly to $37M in 2022. The total export value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. As a result, the exports attained the peak of $37M, leveling off in the following year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 11.1 | 8.4 | 22.9 | 15.9 | 12.7% |
| Spain | 6.7 | 6.6 | 13.8 | 13.0 | 24.7% |
| Netherlands | N/A | N/A | N/A | 4.4 | 0% |
| Germany | 0.3 | N/A | N/A | 1.4 | 67.1% |
| United Kingdom | 7.8 | 14.8 | 0.1 | 1.3 | -45.0% |
| France | 0.7 | 0.8 | N/A | N/A | 14.3% |
| Others | 0.2 | 0.6 | 0.2 | 1.0 | 71.0% |
| Total | 26.7 | 31.2 | 37.0 | 37.0 | 11.5% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Ireland in 2022:
- Portugal (38.2K tons)
- Spain (32.7K tons)
- Netherlands (9.4K tons)
- Germany (2.9K tons)
- United Kingdom (2.6K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland
In 2022, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into Ireland skyrocketed to 18 tons, surging by 202% on the year before. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,580% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s totaled $23K in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,543%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 11.0 | 1.4 | 12.0 | 21.7 | 25.4% |
| Thailand | N/A | N/A | 10.0 | 1.6 | -84.0% |
| Others | 2.6 | N/A | 0.3 | N/A | -66.0% |
| Total | 13.6 | 1.4 | 22.3 | 23.3 | 19.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Ireland in 2022:
- United Kingdom (18.0 tons)
- Thailand (0.1 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ireland.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ireland.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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