Price for Ferrous Waste and Scrap; of Cast Iron in Germany - 2023

Price for Ferrous Waste and Scrap; of Cast Iron in Germany (FOB) - 2023

The average export price for ferrous waste and scrap; of cast ira stood at $371 per ton in November 2023, with a decrease of -6.2% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 15% m-o-m. The export price peaked at $443 per ton in April 2023; however, from May 2023 to November 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In November 2023, the country with the highest price was Switzerland ($454 per ton), while the average price for exports to Turkey ($446 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Cast Iron in Germany (CIF) - 2023

In November 2023, the average import price for ferrous waste and scrap; of cast ira amounted to $334 per ton, waning by -3.4% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 8.9% against the previous month. As a result, import price reached the peak level of $401 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($460 per ton), while the price for Switzerland ($186 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; of Cast Iron in Germany

Exports of ferrous waste and scrap; of cast ira from Germany fell rapidly to 342K tons in 2022, shrinking by -17.3% on 2021 figures. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 7.1% against the previous year. As a result, the exports reached the peak of 413K tons, and then dropped sharply in the following year.

In value terms, exports of ferrous waste and scrap; of cast ira declined to $153M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, the exports attained the peak of $167M, and then dropped in the following year.

Export of Ferrous Waste and Scrap; of Cast Iron in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	37.9	35.4	46.5	48.4	8.5%
Italy	27.4	28.1	41.2	31.2	4.4%
France	4.0	3.8	16.4	19.5	69.6%
Austria	13.4	10.3	24.2	19.0	12.3%
Belgium	9.0	6.6	15.4	12.5	11.6%
Luxembourg	13.2	6.8	14.0	10.7	-6.8%
Poland	3.4	3.8	6.3	8.4	35.2%
Others	3.3	4.5	3.0	3.2	-1.0%
Total	112	99.2	167	153	11.0%

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Germany in 2022:

Netherlands (109.2K tons)
Italy (73.1K tons)
Austria (41.1K tons)
France (40.9K tons)
Luxembourg (26.4K tons)
Belgium (25.9K tons)
Poland (18.2K tons)

Imports of Ferrous Waste and Scrap; of Cast Iron in Germany

In 2022, supplies from abroad of ferrous waste and scrap; of cast ira decreased by -15.1% to 260K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 306K tons, and then fell dramatically in the following year.

In value terms, imports of ferrous waste and scrap; of cast ira dropped to $107M in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year. As a result, imports reached the peak of $116M, and then contracted in the following year.

Import of Ferrous Waste and Scrap; of Cast Iron in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	8.4	23.2	36.1	34.1	59.5%
Austria	7.3	4.6	10.6	17.5	33.8%
Netherlands	7.6	4.7	13.8	14.2	23.2%
Czech Republic	12.3	7.0	14.0	12.4	0.3%
France	4.8	4.6	11.4	7.4	15.5%
Sweden	3.2	3.7	6.9	5.3	18.3%
Belgium	2.5	2.4	5.7	3.7	14.0%
Others	3.9	4.5	17.1	12.4	47.0%
Total	50.1	54.7	116	107	28.8%