Price for Ferrous Waste and Scrap; of Stainless Steel in Ireland - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Ireland (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Stainless Steel in Ireland (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Ireland
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Ireland
Price for Ferrous Waste and Scrap; of Stainless Steel in Ireland (FOB) - 2023
In December 2023, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,314 per ton, surging by 58% against the previous month. In general, the export price, however, showed a mild slump. The growth pace was the most rapid in January 2023 when the average export price increased by 92% month-to-month. As a result, the export price attained the peak level of $3,120 per ton. From February 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Germany ($7,797 per ton), while the average price for exports to the Netherlands ($279 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 Germany (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Ireland (CIF) - 2022
The average import price for ferrous waste and scrap; of stainless steels stood at $29,908 per ton in 2022, remaining constant against the previous year. Overall, the import price, however, saw prominent growth. The pace of growth was the most pronounced in 2021 an increase of 327%. As a result, import price reached the peak level of $30,243 per ton, and then declined modestly in the following year.
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 Czech Republic ($99,073 per ton), while the price for Denmark ($3,353 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+43.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Ireland
In 2022, exports of ferrous waste and scrap; of stainless steels from Ireland shrank markedly to 11K tons, with a decrease of -23% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 154% against the previous year.
In value terms, exports of ferrous waste and scrap; of stainless steels fell significantly to $24M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 117% against the previous year. As a result, the exports reached the peak of $37M, and then dropped dramatically in the following year.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 21.8 | 16.1 | 23.8 | 19.1 | -4.3% |
| Germany | 0.4 | 0.3 | 1.2 | 2.9 | 93.5% |
| Lithuania | N/A | N/A | 4.0 | 0.8 | -80.0% |
| Poland | 0.9 | 0.6 | 0.6 | 0.6 | -12.6% |
| India | 0.4 | 0.1 | 0.2 | 0.2 | -20.6% |
| Netherlands | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Bangladesh | 0.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 7.2 | 0.8 | -88.9% |
| Total | 24.0 | 17.1 | 37.1 | 24.4 | 0.6% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Ireland in 2022:
- United Kingdom (9.6K tons)
- India (0.5K tons)
- Germany (0.5K tons)
- Netherlands (0.2K tons)
- Poland (0.2K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Ireland
In 2022, approx. 145 tons of ferrous waste and scrap; of stainless steels were imported into Ireland; falling by -57% against 2021. Over the period under review, imports continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by 152%.
In value terms, imports of ferrous waste and scrap; of stainless steels dropped sharply to $4.3M in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 975% against the previous year. As a result, imports reached the peak of $10M, and then fell markedly in the following year.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | N/A | 8.0 | 1.9 | -76.3% |
| Italy | N/A | N/A | N/A | 1.3 | 0% |
| United Kingdom | 0.8 | 0.7 | 0.8 | 0.3 | -27.9% |
| Germany | 0.4 | 0.2 | 0.2 | 0.3 | -9.1% |
| Netherlands | N/A | N/A | N/A | 0.1 | 0% |
| Spain | 4.0 | 0.1 | N/A | N/A | -97.5% |
| Denmark | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.1 | 0.4 | -63.6% |
| Total | 5.2 | 0.9 | 10.2 | 4.3 | -6.1% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Ireland in 2022:
- Italy (62.8 tons)
- United Kingdom (39.5 tons)
- Czech Republic (19.1 tons)
- Denmark (11.5 tons)
- Germany (4.8 tons)
- Netherlands (2.5 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ireland.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
390
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ireland.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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