Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Saudi Arabia - 2022

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Saudi Arabia (CIF) - 2022
2. Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Saudi Arabia

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

In 2021, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $51,237 per ton, with an increase of 6,732% against the previous year. In general, the import price showed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($52,541 per ton), while the price for China stood at $27,333 per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by the United States (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2021, the amount of ferrous waste and scrap; of tinned iron or steels imported into Saudi Arabia declined notably to 232 kg, with a decrease of -99.5% against the previous year's figure. Over the period under review, imports faced a precipitous contraction.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels fell notably to $12K in 2021. In general, imports continue to indicate a precipitous decrease.

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

1. India (220.0 kg)
2. China (12.0 kg)

Source: IndexBox Market Intelligence Platform