Price for Ferrous Waste and Scrap; of Stainless Steel in Brazil - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Brazil (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Brazil (CIF) - 2024
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Brazil
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Brazil
Price for Ferrous Waste and Scrap; of Stainless Steel in Brazil (FOB) - 2022
The average export price for ferrous waste and scrap; of stainless steels stood at $2,218 per ton in 2022, with an increase of 14% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of stainless steels increased by +76.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($2,542 per ton), while the average price for exports to China ($1,523 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Brazil (CIF) - 2024
In February 2024, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,269 per ton, waning by -41.1% against the previous month. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in November 2023 an increase of 167% m-o-m. Over the period under review, average import prices reached the maximum at $4,387 per ton in April 2023; however, from May 2023 to February 2024, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Mexico.
From February 2023 to February 2024, the rate of growth in terms of prices for the United States amounted to +16.8% per month.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Brazil
In 2022, exports of ferrous waste and scrap; of stainless steels from Brazil declined dramatically to 18K tons, dropping by -44.5% compared with the year before. Overall, exports showed a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 89%.
In value terms, exports of ferrous waste and scrap; of stainless steels reduced markedly to $39M in 2022. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 156% against the previous year. As a result, the exports attained the peak of $62M, and then reduced rapidly in the following year.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.5 | 3.6 | 19.5 | 14.4 | 30.4% |
| Spain | 3.0 | 2.3 | 4.9 | 8.6 | 42.1% |
| Netherlands | 4.0 | 6.2 | 16.0 | 4.5 | 4.0% |
| Belgium | 0.7 | N/A | 0.7 | 4.2 | 81.7% |
| South Korea | 0.1 | N/A | N/A | 2.9 | 207.2% |
| Italy | 0.6 | 1.3 | 4.3 | 1.3 | 29.4% |
| China | N/A | N/A | 0.4 | 1.1 | 175.0% |
| United Arab Emirates | 1.9 | N/A | 0.2 | 0.2 | -52.8% |
| Thailand | 2.9 | 0.6 | 0.1 | N/A | -81.4% |
| South Africa | 24.4 | 8.2 | 13.3 | N/A | -26.2% |
| Others | 2.5 | 2.0 | 2.3 | 2.1 | -5.6% |
| Total | 46.5 | 24.1 | 61.9 | 39.3 | -5.5% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Brazil in 2022:
- India (6.2K tons)
- Spain (3.4K tons)
- Netherlands (2.0K tons)
- Belgium (1.8K tons)
- South Korea (1.5K tons)
- Italy (0.8K tons)
- China (0.7K tons)
- United Arab Emirates (0.1K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Brazil
In 2022, imports of ferrous waste and scrap; of stainless steels into Brazil reduced dramatically to 1.5K tons, which is down by -40.7% against the previous year. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. As a result, imports reached the peak of 2.5K tons, and then contracted notably in the following year.
In value terms, imports of ferrous waste and scrap; of stainless steels reduced sharply to $2.3M in 2022. Overall, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 83% against the previous year. As a result, imports attained the peak of $3.4M, and then contracted sharply in the following year.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 263 | 1,020 | 2,310 | 1,118 | 62.0% |
| India | 652 | 528 | 814 | 374 | -16.9% |
| Spain | 120 | 194 | 129 | 287 | 33.7% |
| United Arab Emirates | N/A | N/A | N/A | 263 | 0% |
| United States | 16.2 | 53.0 | 93.6 | 206 | 133.4% |
| Italy | 235 | N/A | N/A | 8.3 | -67.2% |
| Germany | 564 | 18.4 | 38.6 | N/A | -73.8% |
| Others | 20.2 | 46.5 | 19.1 | 0.1 | -83.0% |
| Total | 1,870 | 1,861 | 3,404 | 2,257 | 6.5% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Brazil in 2022:
- Mexico (901.3 tons)
- India (222.3 tons)
- United Arab Emirates (134.0 tons)
- Spain (116.3 tons)
- United States (85.7 tons)
- Italy (5.8 tons)
549
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Brazil.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
549
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Brazil.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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