Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg (FOB) - 2023
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $423 per ton in December 2023, picking up by 21% against the previous month. Over the period under review, export price indicated perceptible growth from December 2022 to December 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for ferrous waste and scrap; of alloy steel (excluding stainless)s increased by +6.0% against September 2023 indices. The growth pace was the most rapid in September 2023 an increase of 99% m-o-m. The export price peaked in December 2023.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Belgium ($497 per ton), while the average price for exports to France stood at $301 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.7%), 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 Luxembourg (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $439 per ton, which is down by -19.8% against the previous year. Overall, the import price, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2019 an increase of 139% against the previous year. Over the period under review, average import prices reached the maximum at $778 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($518 per ton), while the price for Romania ($44 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s exported from Luxembourg shrank sharply to 16K tons, dropping by -19.3% against 2021 figures. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. As a result, the exports attained the peak of 20K tons, and then shrank notably in the following year.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s shrank sharply to $5.6M in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 180%. As a result, the exports attained the peak of $7.4M, and then fell significantly in the following year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.5 | 1.7 | 3.5 | 4.2 | 18.9% |
| France | 1.3 | 0.9 | 3.6 | 1.4 | 2.5% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 3.8 | 2.6 | 7.4 | 5.6 | 13.8% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Luxembourg in 2022:
- Belgium (10.8K tons)
- France (5.3K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg
In 2022, approx. 5.3K tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were imported into Luxembourg; picking up by 70% on 2021 figures. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 5,406% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $2.3M in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 5,269%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 0.1 | 298 | 1,012 | 9959.8% |
| Switzerland | N/A | N/A | N/A | 975 | 0% |
| France | 9.9 | 29.0 | 331 | 326 | 220.5% |
| Belgium | 4.3 | 0.3 | 1,019 | 0.4 | -54.7% |
| Others | 5.4 | 1.4 | 1.4 | 0.7 | -49.4% |
| Total | 19.6 | 30.7 | 1,650 | 2,315 | 390.6% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Luxembourg in 2022:
- Switzerland (2.3K tons)
- Netherlands (2.2K tons)
- France (0.8K tons)
383
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Luxembourg.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
383
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Luxembourg.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
