Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa (FOB) - 2024
In January 2024, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $305 per ton, falling by -2.3% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 18% m-o-m. The export price peaked at $396 per ton in July 2023; however, from August 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In January 2024, the country with the highest price was Pakistan ($313 per ton), while the average price for exports to India amounted to $286 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+1.0%).
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $161 per ton, approximately equating the previous year. Overall, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 189% against the previous year. The import price peaked at $262 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Zimbabwe ($258 per ton), while the price for Mozambique ($91 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa
In 2022, shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s was finally on the rise to reach 200K tons after two years of decline. In general, exports, however, saw a drastic downturn.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $67M in 2022. Overall, exports, however, continue to indicate a drastic downturn.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 54.8 | 25.2 | 9.5 | 44.3 | -6.8% |
| Bangladesh | 11.8 | 4.0 | 1.3 | 14.5 | 7.1% |
| Pakistan | 11.6 | 6.5 | 13.2 | 7.7 | -12.8% |
| Kenya | 4.5 | 2.0 | N/A | N/A | -55.6% |
| Ghana | 1.1 | 2.2 | N/A | N/A | 100.0% |
| Others | 3.0 | 1.3 | 0.9 | 0.6 | -41.5% |
| Total | 86.8 | 41.3 | 25.0 | 67.1 | -8.2% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from South Africa in 2022:
- India (135.2K tons)
- Bangladesh (39.4K tons)
- Pakistan (24.0K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa
Imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into South Africa reduced to 14K tons in 2022, shrinking by -4.6% compared with the year before. Overall, imports recorded a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by 70% against the previous year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s contracted to $2.3M in 2022. In general, imports showed a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 105%.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 529 | 342 | 1,033 | 1,192 | 31.1% |
| Swaziland | 731 | 404 | 574 | 231 | -31.9% |
| Mozambique | 4.0 | 3.7 | 77.9 | 104 | 196.2% |
| Namibia | 989 | 323 | 193 | 48.6 | -63.4% |
| Botswana | 30.3 | 0.8 | N/A | 37.2 | 7.1% |
| Zimbabwe | 54.1 | 95.6 | N/A | 4.6 | -56.0% |
| Others | 143 | 29.5 | 579 | 707 | 70.4% |
| Total | 2,480 | 1,198 | 2,457 | 2,323 | -2.2% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to South Africa in 2022:
- Lesotho (8.1K tons)
- Mozambique (1.1K tons)
- Swaziland (0.9K tons)
- Botswana (0.4K tons)
- Namibia (0.3K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in South Africa.
710
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 South Africa.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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