Price for Ferrous Waste and Scrap; of Stainless Steel in Egypt - 2023

Price for Ferrous Waste and Scrap; of Stainless Steel in Egypt (FOB) - 2022

The average export price for ferrous waste and scrap; of stainless steels stood at $1,984 per ton in 2022, rising by 21% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($1,984 per ton) and the Netherlands ($1,984 per ton), while the average price for exports to the UK ($1,984 per ton) and Belgium ($1,984 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Stainless Steel in Egypt (CIF) - 2022

The average import price for ferrous waste and scrap; of stainless steels stood at $1,276 per ton in 2022, jumping by 54% against the previous year. Overall, the import price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 287% against the previous year. As a result, import price reached the peak level of $2,691 per ton. From 2015 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 the UK ($2,582 per ton), while the price for Italy totaled $758 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+57.5%), while the prices for the other major suppliers experienced a decline.

Exports of Ferrous Waste and Scrap; of Stainless Steel in Egypt

In 2022, shipments abroad of ferrous waste and scrap; of stainless steels decreased by -64% to 2.3K tons, falling for the second year in a row after two years of growth. Overall, exports saw a dramatic decrease. The growth pace was the most rapid in 2020 when exports increased by 9.6%. As a result, the exports attained the peak of 6.6K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of ferrous waste and scrap; of stainless steels declined significantly to $4.6M in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. As a result, the exports attained the peak of $11M, and then contracted significantly in the following year.

Export of Ferrous Waste and Scrap; of Stainless Steel in Egypt (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	4.1	4.5	4.4	3.0	-9.9%
India	2.6	2.6	3.9	1.3	-20.6%
United Kingdom	0.5	0.1	0.3	0.2	-26.3%
Belgium	N/A	N/A	0.1	0.1	0.0%
Germany	N/A	N/A	0.7	N/A	0%
Others	0.3	0.4	1.2	N/A	100.0%
Total	7.4	7.7	10.5	4.6	-14.7%

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Egypt in 2022:

Netherlands (1489.6 tons)
India (666.9 tons)
United Kingdom (104.0 tons)
Belgium (37.4 tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Egypt

In 2022, overseas purchases of ferrous waste and scrap; of stainless steels decreased by -82.9% to 235 tons, falling for the second consecutive year after two years of growth. In general, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ferrous waste and scrap; of stainless steels declined rapidly to $300K in 2022. Over the period under review, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 77%. As a result, imports reached the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.