Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway (FOB) - 2024
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $1,119 per ton in February 2024, reducing by -10.5% against the previous month. In general, the export price recorded a noticeable slump. The pace of growth appeared the most rapid in January 2024 when the average export price increased by 228% month-to-month. Over the period under review, the average export prices reached the maximum at $1,505 per ton in March 2023; however, from April 2023 to February 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,173 per ton), while the average price for exports to Finland ($215 per ton) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+3.1%), 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 Norway (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $345 per ton in 2022, surging by 190% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. Over the period under review, average import prices attained the peak figure at $467 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 the Czech Republic ($3,861 per ton), while the price for the UK ($112 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway
In 2022, shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s was finally on the rise to reach 13K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a sharp reduction.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s skyrocketed to $13M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 2.5 | 4.3 | 3.9 | 7.0 | 40.9% |
| India | 0.3 | 0.3 | 0.1 | 3.0 | 115.4% |
| Netherlands | 0.5 | 0.8 | 1.5 | 1.1 | 30.1% |
| Denmark | 2.6 | N/A | 0.3 | 0.8 | -32.5% |
| Finland | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Spain | N/A | 5.4 | N/A | N/A | 0% |
| Morocco | 0.9 | 0.6 | N/A | N/A | -33.3% |
| Others | 1.6 | 1.0 | 1.8 | 1.0 | -14.5% |
| Total | 8.6 | 12.5 | 7.9 | 13.1 | 15.1% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Norway in 2022:
- Sweden (7.3K tons)
- India (2.2K tons)
- Finland (1.4K tons)
- Denmark (1.0K tons)
- Netherlands (0.5K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway
In 2022, after three years of growth, there was significant decline in supplies from abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s, when their volume decreased by -86.1% to 861 tons. Over the period under review, imports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 193%.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s dropped dramatically to $297K in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 441% against the previous year. As a result, imports reached the peak of $923K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 159 | 373 | 329 | 249 | 16.1% |
| Netherlands | 0.9 | N/A | N/A | 23.8 | 197.9% |
| United Kingdom | 0.6 | 132 | 220 | 16.8 | 203.7% |
| United States | 3.9 | 0.3 | 122 | N/A | 459.3% |
| Others | 6.0 | 418 | 64.7 | 7.5 | 7.7% |
| Total | 171 | 923 | 736 | 297 | 20.2% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Norway in 2022:
- Sweden (658.1 tons)
- United Kingdom (149.4 tons)
- Netherlands (44.9 tons)
373
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Norway.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
373
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Norway.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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