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

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

The average import price for ferrous waste and scrap; of tinned iron or steels stood at $574 per ton in 2022, increasing by 11% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; of tinned iron or steels increased by +50.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 36%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($1,757 per ton), while the price for Austria ($428 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+13.9%), 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 Italy (FOB) - 2023

The average export price for ferrous waste and scrap; of tinned iron or steels stood at $352 per ton in November 2023, almost unchanged from the previous month. In general, the export price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in March 2023 an increase of 27% month-to-month. Over the period under review, the average export prices attained the maximum at $452 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In November 2023, the country with the highest price was India ($440 per ton), while the average price for exports to Turkey stood at $365 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of ferrous waste and scrap; of tinned iron or steels into Italy declined rapidly to 112K tons, shrinking by -43.5% against the previous year. Overall, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 with an increase of 145% against the previous year. As a result, imports reached the peak of 199K tons, and then dropped markedly in the following year.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels dropped notably to $65M in 2022. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 232% against the previous year. As a result, imports reached the peak of $103M, and then contracted markedly in the following year.

Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovenia	15.2	13.3	19.8	14.7	-1.1%
Bulgaria	4.4	3.7	17.7	12.2	40.5%
Germany	4.6	2.5	11.3	10.6	32.1%
Slovakia	N/A	3.6	14.0	9.0	58.1%
France	0.7	N/A	4.0	4.5	85.9%
Czech Republic	0.8	0.9	6.5	4.2	73.8%
Tunisia	0.7	0.9	2.8	2.9	60.6%
Austria	0.5	0.5	2.7	2.2	63.9%
Hungary	8.9	2.4	2.6	1.9	-40.2%
Croatia	4.1	1.6	0.2	0.2	-63.5%
United Kingdom	N/A	N/A	16.4	N/A	0%
Others	3.3	1.7	5.5	2.2	-12.6%
Total	43.1	31.1	103	64.6	14.4%

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

Slovenia (31.0K tons)
Bulgaria (23.5K tons)
Germany (18.9K tons)
France (9.4K tons)
Czech Republic (6.5K tons)
Tunisia (5.4K tons)
Austria (5.3K tons)
Slovakia (5.1K tons)
Hungary (2.3K tons)
Croatia (0.2K tons)

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

Exports of ferrous waste and scrap; of tinned iron or steels from Italy surged to 122K tons in 2022, growing by 34% against 2021. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% 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 +89.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels soared to $43M in 2022. In general, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovenia	3.5	2.1	8.4	11.1	46.9%
Pakistan	0.9	0.6	2.9	5.6	83.9%
India	0.2	0.2	0.1	4.7	186.4%
Turkey	N/A	N/A	1.1	4.2	281.8%
Bangladesh	N/A	N/A	0.3	3.1	933.3%
Spain	1.0	2.7	3.8	2.3	32.0%
Greece	9.2	8.4	N/A	1.9	-40.9%
Hungary	0.6	0.7	2.2	1.7	41.5%
France	3.5	1.1	0.1	1.0	-34.1%
Belgium	4.4	0.3	0.1	N/A	-84.9%
United Kingdom	1.2	N/A	N/A	N/A	0%
Others	2.4	2.3	4.9	7.7	47.5%
Total	26.9	18.3	23.9	43.5	17.4%