Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal (CIF) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal (FOB) - 2024
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal (CIF) - 2024
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $444 per ton in January 2024, rising by 20% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in November 2023 when the average import price increased by 27% m-o-m. The import price peaked at $531 per ton in June 2023; however, from July 2023 to January 2024, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Norway ($454 per ton), while the price for the UK amounted to $440 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Norway (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal (FOB) - 2024
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $913 per ton in January 2024, falling by -37.3% against the previous month. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in July 2023 an increase of 39% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,743 per ton in January 2023; however, from February 2023 to January 2024, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From January 2023 to January 2024, the rate of growth in terms of prices for Germany amounted to 0.0% per month.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal
In 2022, supplies from abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -16.7% to 47K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. As a result, imports attained the peak of 120K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s dropped significantly to $19M in 2022. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 21%. As a result, imports attained the peak of $31M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 3.2 | 9.1 | 184.4% |
| Norway | 10.7 | 12.7 | N/A | 3.7 | -29.8% |
| Russia | 7.4 | 9.9 | 14.5 | 2.9 | -26.8% |
| Iceland | 5.7 | 4.7 | 3.0 | 2.4 | -25.0% |
| Suriname | 1.6 | N/A | N/A | N/A | 0% |
| United States | N/A | 3.5 | 2.8 | N/A | -20.0% |
| Others | 0.5 | 0.5 | 0.9 | 0.8 | 17.0% |
| Total | 25.8 | 31.3 | 24.5 | 18.9 | -9.9% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Portugal in 2022:
- United Kingdom (24.8K tons)
- Norway (9.3K tons)
- Iceland (6.1K tons)
- Russia (5.5K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s exported from Portugal shrank to 3.7K tons, with a decrease of -12.6% against the year before. Overall, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 5.3% against the previous year.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s expanded slightly to $6.7M in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 77% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.8 | 3.1 | 6.3 | 6.7 | 20.8% |
| Pakistan | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Others | N/A | 0.4 | 0.1 | N/A | -75.0% |
| Total | 4.1 | 3.6 | 6.4 | 6.7 | 17.8% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Portugal in 2022:
- Spain (3.7K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Portugal.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
432
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Portugal.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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