Price for Ferrous Waste and Scrap; of Stainless Steel in Iran - 2022

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

In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,438 per ton, picking up by 29% against the previous year. Overall, the export price, however, recorded a pronounced descent. The growth pace was the most rapid in 2021 when the average export price increased by 32%. The export price peaked at $2,017 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 ($8,146 per ton), while the average price for exports to the Netherlands ($348 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 Spain (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for ferrous waste and scrap; of stainless steels stood at $1,252 per ton in 2022, with an increase of 7.9% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 142% against the previous year. As a result, import price reached the peak level of $3,391 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,325 per ton), while the price for Senegal totaled $1,181 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.7%).

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

After two years of decline, overseas shipments of ferrous waste and scrap; of stainless steels increased by 16% to 438 tons in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern.

In value terms, exports of ferrous waste and scrap; of stainless steels skyrocketed to $629K in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Ferrous Waste and Scrap; of Stainless Steel in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	104	152	221	350	49.9%
Spain	56.5	78.1	107	141	35.6%
Germany	61.0	54.3	33.5	81.3	10.0%
India	13.6	26.1	31.9	37.2	39.9%
Netherlands	17.7	18.1	18.4	17.8	0.2%
Turkey	26.7	13.9	7.1	1.4	-62.6%
Others	0.4	0.4	0.4	0.4	0.0%
Total	280	343	420	629	31.0%

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

United Arab Emirates (314.5 tons)
Netherlands (51.3 tons)
Germany (25.6 tons)
India (25.3 tons)
Spain (17.3 tons)
Turkey (1.0 tons)

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

In 2022, imports of ferrous waste and scrap; of stainless steels into Iran surged to 8.7 tons, picking up by 147% against 2021 figures. Overall, imports, however, continue to indicate a pronounced shrinkage.

In value terms, imports of ferrous waste and scrap; of stainless steels surged to $11K in 2022. Over the period under review, imports, however, saw a deep reduction.