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

Price for Ferrous Waste and Scrap; of Stainless Steel in Germany (FOB) - 2023

The average export price for ferrous waste and scrap; of stainless steels stood at $1,591 per ton in December 2023, which is down by -3.7% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 8.6% against the previous month. As a result, the export price attained the peak level of $1,906 per ton. From April 2023 to December 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Thailand ($1,444 per ton), while the average price for exports to the United Arab Emirates ($334 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Stainless Steel in Germany (CIF) - 2023

The average import price for ferrous waste and scrap; of stainless steels stood at $1,562 per ton in December 2023, remaining stable against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 11% month-to-month. As a result, import price attained the peak level of $1,806 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Kazakhstan ($2,128 per ton), while the price for Canada ($591 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in overseas shipments of ferrous waste and scrap; of stainless steels, when their volume decreased by -7.8% to 1.1M tons. In general, exports saw a mild downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 1.8% against the previous year.

In value terms, exports of ferrous waste and scrap; of stainless steels reached $2.3B in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 54%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Export of Ferrous Waste and Scrap; of Stainless Steel in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	543	514	822	734	10.6%
Finland	129	221	288	549	62.1%
Italy	228	116	261	354	15.8%
Slovenia	97.7	86.0	154	142	13.3%
Sweden	53.0	120	115	130	34.9%
Netherlands	141	89.9	98.5	98.9	-11.1%
Spain	42.7	44.2	120	79.3	22.9%
India	60.9	46.1	65.2	70.1	4.8%
Others	103	82.7	110	107	1.3%
Total	1,397	1,321	2,033	2,264	17.5%

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

Belgium (324.2K tons)
Finland (248.8K tons)
Italy (166.2K tons)
Netherlands (59.3K tons)
Slovenia (58.7K tons)
Sweden (56.3K tons)
India (38.3K tons)
Spain (33.2K tons)

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

In 2022, approx. 267K tons of ferrous waste and scrap; of stainless steels were imported into Germany; shrinking by -11.8% on the previous year. Over the period under review, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of 302K tons, and then reduced in the following year.

In value terms, imports of ferrous waste and scrap; of stainless steels contracted slightly to $532M in 2022. In general, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 89%. As a result, imports reached the peak of $537M, leveling off in the following year.

Import of Ferrous Waste and Scrap; of Stainless Steel in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	46.1	48.1	101	107	32.4%
Austria	54.7	41.6	83.1	79.3	13.2%
Czech Republic	37.6	27.0	61.8	52.0	11.4%
Switzerland	34.5	36.2	59.4	48.4	11.9%
Belgium	1.4	2.2	13.7	38.0	200.5%
France	17.1	11.4	27.7	29.6	20.1%
Poland	37.7	26.9	28.3	28.3	-9.1%
Romania	13.9	13.5	21.6	20.7	14.2%
Denmark	12.9	8.2	19.0	15.7	6.8%
Russia	22.3	19.6	27.5	12.4	-17.8%
Slovakia	9.0	6.1	9.8	10.8	6.3%
Italy	2.0	2.6	6.6	10.6	74.4%
Hungary	8.7	6.2	11.3	10.1	5.1%
Others	38.2	35.0	66.4	69.7	22.2%
Total	336	285	537	532	16.6%