Price for Ferrous Waste and Scrap; of Stainless Steel in Luxembourg - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Luxembourg (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Stainless Steel in Luxembourg (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Luxembourg
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Luxembourg
Price for Ferrous Waste and Scrap; of Stainless Steel in Luxembourg (FOB) - 2023
In November 2023, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,774 per ton, surging by 7.5% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in February 2023 when the average export price increased by 39% month-to-month. As a result, the export price reached the peak level of $2,160 per ton. From March 2023 to November 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In November 2023, the country with the highest price was Belgium ($1,839 per ton), while the average price for exports to France ($1,290 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Stainless Steel in Luxembourg (CIF) - 2022
The average import price for ferrous waste and scrap; of stainless steels stood at $2,150 per ton in 2022, with an increase of 11% against the previous year. Overall, the import price enjoyed notable growth. The pace of growth was the most pronounced in 2017 an increase of 322%. As a result, import price reached the peak level of $6,893 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,275 per ton), while the price for France ($594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-4.4%), while the prices for the other major suppliers experienced a decline.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Luxembourg
In 2022, exports of ferrous waste and scrap; of stainless steels from Luxembourg declined rapidly to 1.5K tons, dropping by -21.7% on the previous year's figure. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
In value terms, exports of ferrous waste and scrap; of stainless steels reduced to $3.3M in 2022. In general, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, the exports reached the peak of $3.8M, and then shrank in the following year.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2,451 | 1,598 | 2,856 | 2,405 | -0.6% |
| Germany | 394 | 426 | 729 | 792 | 26.2% |
| France | 11.5 | 6.6 | 140 | 62.5 | 75.8% |
| Others | 38.5 | N/A | 45.9 | 0.1 | -86.3% |
| Total | 2,895 | 2,031 | 3,771 | 3,260 | 4.0% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Luxembourg in 2022:
- Belgium (1025.0 tons)
- Germany (464.0 tons)
- France (35.1 tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Luxembourg
In 2022, approx. 14 tons of ferrous waste and scrap; of stainless steels were imported into Luxembourg; jumping by 68% compared with the previous year. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,271% against the previous year. As a result, imports reached the peak of 70 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ferrous waste and scrap; of stainless steels surged to $31K in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,113%. As a result, imports attained the peak of $42K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 2.1 | 8.8 | 20.1 | 209.4% |
| Belgium | 0.1 | 0.1 | 7.7 | 10.5 | 371.8% |
| France | 3.1 | 39.5 | 0.1 | 0.1 | -68.2% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 3.4 | 41.7 | 16.5 | 30.7 | 108.2% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Luxembourg in 2022:
- Germany (8.8 tons)
- Belgium (5.3 tons)
- France (0.2 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Luxembourg.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
362
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Luxembourg.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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