Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in France - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in France (FOB) - 2023
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in France (CIF) - 2023
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in France
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in France
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in France (FOB) - 2023
In November 2023, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $358 per ton, declining by -2.5% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in February 2023 an increase of 19% against the previous month. As a result, the export price reached the peak level of $444 per ton. From March 2023 to November 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In November 2023, the country with the highest price was Taiwan (Chinese) ($285 per ton), while the average price for exports to India totaled $202 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in France (CIF) - 2023
In November 2023, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $359 per ton, increasing by 14% against the previous month. Over the period under review, import price indicated a strong expansion from November 2022 to November 2023: its price increased at an average monthly rate of +7.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for ferrous waste and scrap; of tinned iron or steels increased by +45.7% against August 2023 indices. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 107% month-to-month. As a result, import price attained the peak level of $380 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From November 2022 to November 2023, the rate of growth in terms of prices for Belgium amounted to +15.2% per month.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in France
For the fourth consecutive year, France recorded growth in overseas shipments of ferrous waste and scrap; of tinned iron or steels, which increased by 17% to 240K tons in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% 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 +57.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels surged to $100M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 15.2 | 17.5 | 36.7 | 48.1 | 46.8% |
| Spain | 6.3 | 7.4 | 15.9 | 16.9 | 38.9% |
| Italy | 8.4 | 7.5 | 13.0 | 13.6 | 17.4% |
| Luxembourg | 2.2 | 5.0 | 13.9 | 12.6 | 78.9% |
| Turkey | 3.4 | 2.8 | N/A | 3.3 | -1.0% |
| Germany | 1.6 | 1.3 | 1.8 | 0.6 | -27.9% |
| Others | 4.2 | 3.1 | 4.4 | 5.1 | 6.7% |
| Total | 41.3 | 44.5 | 85.7 | 100 | 34.3% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from France in 2022:
- Belgium (123.0K tons)
- Spain (39.7K tons)
- Italy (34.4K tons)
- Luxembourg (25.5K tons)
- Turkey (4.5K tons)
- Germany (1.3K tons)
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in France
Imports of ferrous waste and scrap; of tinned iron or steels into France soared to 85K tons in 2022, jumping by 68% compared with the year before. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 878%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels skyrocketed to $35M in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,506%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.7 | 0.2 | 13.0 | 29.8 | 249.2% |
| Germany | 0.1 | N/A | 0.5 | 2.2 | 180.2% |
| Spain | 0.1 | 0.1 | 0.4 | 1.4 | 141.0% |
| Luxembourg | 10.0 | 0.8 | 5.6 | 0.6 | -60.9% |
| Others | 0.4 | 0.2 | 1.1 | 1.0 | 35.7% |
| Total | 11.3 | 1.3 | 20.6 | 34.9 | 45.6% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to France in 2022:
- Belgium (72.6K tons)
- Germany (4.7K tons)
- Spain (4.0K tons)
- Luxembourg (1.4K tons)
392
This report provides an in-depth analysis of the market for metal remelting scrap ingots in France.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
392
This report provides an in-depth analysis of the market for metal remelting scrap ingots in France.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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