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

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

The average export price for ferrous waste and scrap; of stainless steels stood at $1,155 per ton in 2022, which is down by -4.9% against the previous year. Over the period under review, the export price showed a noticeable descent. The growth pace was the most rapid in 2021 when the average export price increased by 66%. The export price peaked at $1,555 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,880 per ton), while the average price for exports to Spain ($940 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 Germany (+39.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $243 per ton, with a decrease of -27.2% against the previous year. In general, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 0.7%. Over the period under review, average import prices attained the peak figure at $600 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($286 per ton), while the price for the United States stood at $240 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+58.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, exports of ferrous waste and scrap; of stainless steels from Uruguay declined notably to 1.1K tons, which is down by -21.4% on the year before. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year.

In value terms, exports of ferrous waste and scrap; of stainless steels reduced markedly to $1.3M in 2022. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 103%. As a result, the exports attained the peak of $1.8M, and then shrank significantly in the following year.

Export of Ferrous Waste and Scrap; of Stainless Steel in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	226	336	272	606	38.9%
Spain	619	187	436	323	-19.5%
Netherlands	170	154	811	224	9.6%
China	N/A	N/A	N/A	128	0%
Thailand	N/A	N/A	N/A	24.6	0%
Germany	N/A	N/A	212	8.7	-95.9%
South Korea	N/A	78.8	27.7	N/A	-64.8%
Italy	N/A	90.5	N/A	N/A	0%
Others	82.7	21.4	N/A	N/A	-74.1%
Total	1,096	868	1,759	1,314	6.2%

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

India (538.8 tons)
Spain (343.8 tons)
Netherlands (127.7 tons)
China (101.1 tons)
Thailand (21.6 tons)
Germany (4.6 tons)

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

In 2022, the amount of ferrous waste and scrap; of stainless steels imported into Uruguay soared to 103 kg, with an increase of 1,617% against 2021. Over the period under review, imports, however, showed a significant contraction.

In value terms, imports of ferrous waste and scrap; of stainless steels skyrocketed to $25 in 2022. Overall, imports, however, saw a sharp downturn.