Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland (FOB) - 2024
In January 2024, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $388 per ton, with an increase of 14% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 26% m-o-m. As a result, the export price reached the peak level of $503 per ton. From May 2023 to January 2024, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In January 2024, the highest price was recorded for prices to Italy ($451 per ton) and Germany ($351 per ton), while the average price for exports to Luxembourg ($328 per ton) and France ($336 per ton) were amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+53.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $139 per ton, with a decrease of -8.4% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2015 an increase of 176%. As a result, import price attained the peak level of $1,000 per ton. From 2016 to 2022, the average 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 France ($708 per ton), while the price for Germany ($123 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s exported from Switzerland soared to 33K tons, growing by 19% compared with the previous year. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $14M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 124%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 2.7 | 6.6 | 7.8 | 44.2% |
| Italy | 2.3 | 2.0 | 4.1 | 3.8 | 18.2% |
| France | 1.0 | 0.8 | 1.7 | 1.9 | 23.9% |
| Luxembourg | N/A | N/A | N/A | 0.9 | 0% |
| Others | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| Total | 6.2 | 5.6 | 12.5 | 14.4 | 32.4% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Switzerland in 2022:
- Germany (18.0K tons)
- Italy (7.0K tons)
- France (5.4K tons)
- Luxembourg (2.6K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s imported into Switzerland declined slightly to 1.6K tons, remaining relatively unchanged against 2021 figures. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 876%. As a result, imports reached the peak of 1.6K tons, leveling off in the following year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s contracted to $225K in 2022. In general, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 262%. As a result, imports attained the peak of $247K, and then shrank in the following year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 110 | 13.8 | 217 | 194 | 20.8% |
| France | N/A | N/A | N/A | 20.2 | 0% |
| Italy | 1.5 | 12.6 | 25.6 | 5.5 | 54.2% |
| United States | N/A | 24.6 | N/A | N/A | 0% |
| Others | 30.0 | 17.2 | 4.7 | 5.3 | -43.9% |
| Total | 141 | 68.2 | 247 | 225 | 16.9% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Switzerland in 2022:
- Germany (1576.5 tons)
- France (28.6 tons)
- Italy (9.3 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Switzerland.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Switzerland.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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