Price for Ferrous Waste and Scrap; of Stainless Steel in Australia - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Australia (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Australia (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Australia
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Australia
Price for Ferrous Waste and Scrap; of Stainless Steel in Australia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $670 per ton, declining by -53.8% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 72%. The import price peaked at $1,841 per ton in 2012; however, from 2013 to 2022, 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 the United States ($1,260 per ton), while the price for Tonga ($322 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+97.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Australia (FOB) - 2022
The average export price for ferrous waste and scrap; of stainless steels stood at $1,582 per ton in October 2021, surging by 10% against the previous month. Over the period under review, export price indicated noticeable growth from January 2021 to October 2021: its price increased at an average monthly rate of +3.0% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2021 figures, export price for ferrous waste and scrap; of stainless steels increased by +13.7% against April 2021 indices. The pace of growth appeared the most rapid in April 2021 when the average export price increased by 55% month-to-month. Over the period under review, the average export prices reached the peak figure in October 2021.
There were significant differences in the average prices for the major external markets. In October 2021, the country with the highest price was Bangladesh ($3,169 per ton), while the average price for exports to Malaysia ($704 per ton) was amongst the lowest.
From January 2021 to October 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Stainless Steel in Australia
In 2022, after two years of decline, there was significant growth in supplies from abroad of ferrous waste and scrap; of stainless steels, when their volume increased by 46% to 313 tons. Over the period under review, imports, however, recorded a noticeable decrease.
In value terms, imports of ferrous waste and scrap; of stainless steels declined rapidly to $210K in 2022. Overall, imports, however, faced a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 3.1%. As a result, imports reached the peak of $474K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 69.0 | 43.1 | 51.2 | 86.7 | 7.9% |
| Papua New Guinea | 64.3 | 60.5 | 67.7 | 53.4 | -6.0% |
| United States | 205 | 44.4 | 2.3 | 29.8 | -47.4% |
| Tonga | 1.8 | 1.2 | N/A | 17.0 | 111.4% |
| New Caledonia | 4.4 | N/A | 13.9 | 7.8 | 21.0% |
| Vanuatu | 10.2 | 7.5 | 16.9 | 7.8 | -8.6% |
| New Zealand | 99.5 | 91.4 | 105 | N/A | 2.7% |
| Others | 5.8 | 226 | 54.2 | 7.3 | 8.0% |
| Total | 460 | 474 | 311 | 210 | -23.0% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Australia in 2022:
- Fiji (121.5 tons)
- Papua New Guinea (92.6 tons)
- Tonga (53.0 tons)
- United States (23.6 tons)
- Vanuatu (9.1 tons)
- New Caledonia (6.7 tons)
Exports of Ferrous Waste and Scrap; of Stainless Steel in Australia
In 2021, exports of ferrous waste and scrap; of stainless steels from Australia reduced to 73K tons, which is down by -14.4% against the year before. Over the period under review, exports showed a abrupt shrinkage.
In value terms, exports of ferrous waste and scrap; of stainless steels expanded significantly to $75M in 2021. Overall, exports recorded a perceptible decrease.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 31.5 | 26.8 | 30.1 | -2.2% | |
| Taiwan (Chinese) | 23.8 | 20.4 | 13.6 | -24.4% | |
| Thailand | 6.7 | 8.2 | 12.9 | 38.8% | |
| China | 7.4 | 0.1 | 3.5 | -31.2% | |
| South Korea | 1.8 | 2.5 | 3.5 | 39.4% | |
| Bangladesh | 1.3 | 2.6 | 2.1 | 27.1% | |
| Indonesia | 3.5 | 3.7 | 1.7 | -30.3% | |
| Malaysia | 0.3 | 0.2 | 1.7 | 138.0% | |
| Others | 4.9 | 2.5 | 5.7 | 7.9% | |
| Total | 81.1 | 66.8 | 74.7 | -4.0% | |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Australia in 2022:
- India (22.0K tons)
- Thailand (14.1K tons)
- Taiwan (Chinese) (12.0K tons)
- Bangladesh (9.3K tons)
- Indonesia (7.4K tons)
- South Korea (1.9K tons)
- Malaysia (1.8K tons)
- China (1.2K tons)
394
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Australia.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
394
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Australia.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
