Price for Ferrous Waste and Scrap; of Stainless Steel in Austria - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Austria (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Stainless Steel in Austria (CIF) - 2023
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Austria
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Austria
Price for Ferrous Waste and Scrap; of Stainless Steel in Austria (FOB) - 2023
The average export price for ferrous waste and scrap; of stainless steels stood at $1,443 per ton in December 2023, surging by 3.8% against the previous month. Over the period under review, the export price posted a buoyant increase. The pace of growth appeared the most rapid in January 2023 an increase of 231% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,604 per ton in May 2023; however, from June 2023 to December 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From December 2022 to December 2023, the rate of growth in terms of prices for Italy amounted to +14.5% per month.
Price for Ferrous Waste and Scrap; of Stainless Steel in Austria (CIF) - 2023
The average import price for ferrous waste and scrap; of stainless steels stood at $1,886 per ton in December 2023, increasing by 16% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in August 2023 an increase of 48% against the previous month. As a result, import price reached the peak level of $2,181 per ton. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From December 2022 to December 2023, the rate of growth in terms of prices for Germany amounted to +3.9% per month.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Austria
In 2022, after three years of growth, there was decline in shipments abroad of ferrous waste and scrap; of stainless steels, when their volume decreased by -2.4% to 103K tons. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 12% against the previous year.
In value terms, exports of ferrous waste and scrap; of stainless steels reached $147M in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 70%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 21.3 | 38.6 | 66.1 | 73.9 | 51.4% |
| Germany | 46.6 | 33.0 | 62.5 | 58.7 | 8.0% |
| India | 2.6 | 2.2 | 2.3 | 4.4 | 19.2% |
| Slovenia | 0.8 | 2.3 | 6.7 | 4.4 | 76.5% |
| Turkey | 2.9 | 3.0 | 1.9 | 2.3 | -7.4% |
| Others | 3.2 | 4.8 | 3.1 | 3.2 | 0.0% |
| Total | 77.5 | 83.9 | 143 | 147 | 23.8% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Austria in 2022:
- Italy (60.9K tons)
- Germany (30.4K tons)
- Turkey (5.9K tons)
- India (2.4K tons)
- Slovenia (2.1K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Austria
In 2022, imports of ferrous waste and scrap; of stainless steels into Austria dropped dramatically to 40K tons, waning by -15.7% against the previous year. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 4.2%.
In value terms, imports of ferrous waste and scrap; of stainless steels dropped to $62M in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, imports reached the peak of $66M, and then contracted in the following year.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.4 | 13.2 | 19.6 | 18.4 | -1.7% |
| Romania | 0.7 | 3.7 | 10.6 | 12.6 | 162.1% |
| Hungary | 3.3 | 8.7 | 16.8 | 12.1 | 54.2% |
| Switzerland | 3.8 | 2.1 | 4.8 | 8.7 | 31.8% |
| Czech Republic | 0.6 | 0.8 | 2.2 | 3.1 | 72.9% |
| Slovakia | 1.1 | 1.9 | 1.9 | 1.9 | 20.0% |
| Poland | 0.1 | 0.1 | 0.1 | 1.8 | 162.1% |
| Italy | 1.9 | 2.2 | 1.9 | 1.1 | -16.7% |
| Others | 6.1 | 3.4 | 7.7 | 2.4 | -26.7% |
| Total | 37.1 | 36.3 | 65.7 | 62.2 | 18.8% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Austria in 2022:
- Germany (16.4K tons)
- Hungary (6.6K tons)
- Romania (5.6K tons)
- Switzerland (4.6K tons)
- Czech Republic (2.1K tons)
- Italy (1.4K tons)
- Poland (1.2K tons)
- Slovakia (1.2K tons)
449
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Austria.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
449
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Austria.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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