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

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

The average import price for ferrous waste and scrap; of stainless steels stood at $1,838 per ton in December 2023, which is down by -3.4% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average import price increased by 55% m-o-m. The import price peaked at $2,144 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Serbia ($1,588 per ton), while the price for Bosnia and Herzegovina amounted to $1,023 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for ferrous waste and scrap; of stainless steels stood at $1,208 per ton in November 2023, reducing by -4.7% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 22% month-to-month. The export price peaked at $1,480 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($1,849 per ton), while the average price for exports to Italy ($1,132 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 Croatia (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 69K tons of ferrous waste and scrap; of stainless steels were imported into Slovenia; waning by -13.8% compared with the previous year. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 20%.

In value terms, imports of ferrous waste and scrap; of stainless steels totaled $164M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 72%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Ferrous Waste and Scrap; of Stainless Steel in Slovenia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	97.5	77.8	134	134	11.2%
Italy	1.6	1.7	3.6	7.2	65.1%
Poland	N/A	1.3	0.8	5.7	109.4%
Austria	1.3	1.3	3.1	4.3	49.0%
Croatia	3.3	2.1	1.7	3.9	5.7%
Bosnia and Herzegovina	3.0	2.1	3.5	3.2	2.2%
Serbia	1.4	1.8	2.7	1.7	6.7%
Romania	0.2	0.3	1.2	1.4	91.3%
Slovakia	0.3	0.6	1.3	0.9	44.2%
Others	4.1	0.3	0.9	1.5	-28.5%
Total	113	89.1	153	164	13.2%

Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Slovenia in 2022:

Germany (54.1K tons)
Italy (2.7K tons)
Poland (2.6K tons)
Austria (2.1K tons)
Croatia (1.9K tons)
Bosnia and Herzegovina (1.7K tons)
Slovakia (1.6K tons)
Romania (1.2K tons)
Serbia (0.8K tons)

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

In 2022, the amount of ferrous waste and scrap; of stainless steels exported from Slovenia reduced to 16K tons, dropping by -13.9% on 2021 figures. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, the exports attained the peak of 18K tons, and then contracted in the following year.

In value terms, exports of ferrous waste and scrap; of stainless steels declined to $23M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 +96.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 97%. As a result, the exports reached the peak of $23M, leveling off in the following year.

Export of Ferrous Waste and Scrap; of Stainless Steel in Slovenia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	15.4	8.5	16.3	19.1	7.4%
Croatia	N/A	0.2	1.3	1.2	144.9%
Poland	N/A	0.1	0.3	0.8	182.8%
India	N/A	0.1	0.7	0.6	144.9%
Germany	1.3	0.4	1.1	0.4	-32.5%
Austria	0.7	0.4	0.4	0.2	-34.1%
Serbia	N/A	1.7	2.1	N/A	23.5%
Others	0.2	0.1	0.5	0.4	26.0%
Total	17.6	11.5	22.8	22.7	8.9%