Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in India - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in India (CIF) - 2022
2. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in India (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in India
4. Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in India

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in India (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $504 per ton, dropping by -16% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 84% against the previous year. As a result, import price attained the peak level of $600 per ton, and then declined sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($778 per ton), while the price for Mauritius ($428 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in India (FOB) - 2022

The average export price for ferrous waste and scrap; of tinned iron or steels stood at $435 per ton in 2022, declining by -21.3% against the previous year. Over the period under review, the export price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 95%. As a result, the export price reached the peak level of $642 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($871 per ton), while the average price for exports to China stood at $328 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (-0.5%).

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in India

In 2022, supplies from abroad of ferrous waste and scrap; of tinned iron or steels decreased by -88.5% to 476 tons, falling for the second consecutive year after two years of growth. In general, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2020 when imports increased by 1,280% against the previous year. As a result, imports attained the peak of 52K 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 tinned iron or steels reduced sharply to $240K in 2022. Over the period under review, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 when imports increased by 992% against the previous year. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to India in 2022:

1. New Zealand (271.3 tons)
2. Mauritius (154.5 tons)
3. Malaysia (50.3 tons)

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in India

In 2022, after three years of growth, there was significant decline in shipments abroad of ferrous waste and scrap; of tinned iron or steels, when their volume decreased by -61.8% to 22 tons. Over the period under review, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports reached the peak of 57 tons, and then reduced remarkably in the following year.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels fell rapidly to $9.4K in 2022. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 117% against the previous year. As a result, the exports reached the peak of $31K, and then fell remarkably in the following year.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from India in 2022:

1. China (17.4 tons)
2. Canada (4.2 tons)

Source: IndexBox Market Intelligence Platform