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

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ireland (FOB) - 2023
2. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ireland (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Ireland
4. Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Ireland

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ireland (FOB) - 2023

In November 2023, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $292 per ton, approximately reflecting the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 25% month-to-month. As a result, the export price attained the peak level of $404 per ton. From May 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Germany ($366 per ton), while the average price for exports to the UK amounted to $216 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+1.1%), 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 Ireland (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $404 per ton, increasing by 50% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $424 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +1.0% per year.

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

In 2022, shipments abroad of ferrous waste and scrap; of tinned iron or steels was finally on the rise to reach 71K tons after two years of decline. In general, exports, however, saw a deep reduction.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels soared to $20M in 2022. Overall, exports, however, recorded a noticeable reduction.

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

1. United Kingdom (44.4K tons)
2. Germany (19.6K tons)
3. Spain (5.7K tons)

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

In 2022, imports of ferrous waste and scrap; of tinned iron or steels into Ireland skyrocketed to 958 tons, surging by 61% on the previous year. In general, imports, however, continue to indicate a drastic downturn.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels soared to $387K in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (937.9 tons)

Source: IndexBox Market Intelligence Platform