Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy (CIF) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy (CIF) - 2024
In January 2024, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $604 per ton, increasing by 12% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 61% against the previous month. As a result, import price attained the peak level of $694 per ton. From May 2023 to January 2024, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From January 2023 to January 2024, the rate of growth in terms of prices for Hungary amounted to +2.6% per month.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $668 per ton, with an increase of 13% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 98% against the previous year. The export price peaked at $1,081 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($2,261 per ton), while the average price for exports to Turkey ($433 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 Spain (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s imported into Italy amounted to 138K tons, surging by 8% on the year before. Over the period under review, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 51% against the previous year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $72M in 2022. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 122% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 11.5 | 7.9 | 16.3 | 16.3 | 12.3% |
| Germany | 6.5 | 4.0 | 14.4 | 12.0 | 22.7% |
| Slovenia | 10.1 | 3.0 | 7.2 | 11.0 | 2.9% |
| Hungary | 4.6 | 3.6 | 3.1 | 7.7 | 18.7% |
| Poland | 3.7 | 1.3 | 1.4 | 5.8 | 16.2% |
| Bulgaria | 0.6 | N/A | N/A | 2.6 | 63.0% |
| France | 4.8 | 1.5 | 0.5 | 2.4 | -20.6% |
| Czech Republic | 0.4 | N/A | N/A | 2.2 | 76.5% |
| Switzerland | 1.5 | 1.4 | 3.2 | 2.2 | 13.6% |
| Others | 7.7 | 2.4 | 10.1 | 9.3 | 6.5% |
| Total | 51.4 | 25.2 | 56.0 | 71.6 | 11.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Italy in 2022:
- Austria (45.9K tons)
- Germany (36.2K tons)
- Hungary (15.6K tons)
- Slovenia (8.5K tons)
- Bulgaria (6.4K tons)
- France (5.0K tons)
- Czech Republic (4.7K tons)
- Switzerland (4.6K tons)
- Poland (3.5K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy
For the fourth year in a row, Italy recorded growth in overseas shipments of ferrous waste and scrap; of alloy steel (excluding stainless)s, which increased by 81% to 80K tons in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $51M in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 122%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 3.8 | 9.5 | 21.4 | 137.3% |
| Slovenia | 0.4 | 0.8 | 3.6 | 9.0 | 182.3% |
| Germany | 2.6 | 1.0 | 2.4 | 5.7 | 29.9% |
| Austria | 2.8 | 2.6 | 4.8 | 3.8 | 10.7% |
| Netherlands | 0.3 | 0.2 | 1.1 | 3.6 | 128.9% |
| Spain | 1.2 | 1.0 | 2.7 | 3.4 | 41.5% |
| France | 0.2 | 0.7 | N/A | 0.4 | 26.0% |
| India | 3.9 | 0.8 | 0.1 | 0.1 | -70.5% |
| Others | 5.3 | 0.9 | 1.9 | 4.0 | -9.0% |
| Total | 16.7 | 11.8 | 26.2 | 51.3 | 45.4% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Italy in 2022:
- Turkey (49.3K tons)
- Slovenia (17.7K tons)
- Austria (3.6K tons)
- Germany (2.9K tons)
- Netherlands (1.6K tons)
- Spain (1.6K tons)
- France (0.8K tons)
- India (0.2K tons)
417
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Italy.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
417
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Italy.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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