Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $1,481 per ton, surging by 202% against the previous year. Overall, the export price showed prominent growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 291% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($13,798 per ton), while the average price for exports to Malaysia ($206 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 Indonesia (+38.9%), 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 Singapore (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $390 per ton, declining by -21.9% against the previous year. In general, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 333% against the previous year. As a result, import price attained the peak level of $7,437 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,078 per ton), while the price for Malaysia ($226 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s exported from Singapore declined remarkably to 5.7K tons, waning by -38.4% on 2021 figures. Overall, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 3.2%.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s skyrocketed to $8M in 2022. Over the period under review, exports saw a pronounced downturn.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.9 | 2.2 | 1.3 | 2.8 | 13.8% |
| India | 0.7 | 0.8 | 1.0 | 2.2 | 46.5% |
| China | 0.8 | 0.1 | 0.5 | 1.4 | 20.5% |
| Malaysia | 2.7 | 0.7 | 1.1 | 0.7 | -36.2% |
| Thailand | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Bangladesh | 1.5 | N/A | N/A | N/A | 0% |
| Pakistan | 1.3 | 0.4 | N/A | N/A | -69.2% |
| Others | 0.2 | 0.5 | 0.4 | 0.5 | 35.7% |
| Total | 9.1 | 4.7 | 4.5 | 8.0 | -4.2% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Singapore in 2022:
- Malaysia (3212.1 tons)
- India (1687.0 tons)
- Thailand (234.3 tons)
- Japan (233.9 tons)
- China (127.1 tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore
In 2022, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into Singapore soared to 6.5K tons, jumping by 16% against 2021. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 315%. 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 declined to $2.6M in 2022. Over the period under review, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 362% against the previous year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 106 | 88.8 | 1,516 | 965 | 108.8% |
| Malaysia | 615 | 246 | 435 | 731 | 5.9% |
| Japan | 1,117 | 62.7 | 537 | 428 | -27.4% |
| China | 439 | 5.6 | 0.2 | 139 | -31.8% |
| South Korea | N/A | N/A | 2.2 | 126 | 5627.3% |
| Timor-Leste | N/A | N/A | 107 | N/A | 0% |
| Others | 624 | 213 | 245 | 193 | -32.4% |
| Total | 2,900 | 616 | 2,843 | 2,582 | -3.8% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Singapore in 2022:
- Malaysia (3.2K tons)
- Indonesia (2.5K tons)
- South Korea (0.4K tons)
- China (0.1K tons)
- Japan (0.1K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Singapore.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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