Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia (FOB) - 2023
In August 2023, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $439 per ton, reducing by -8% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average export price increased by 10% month-to-month. The export price peaked at $490 per ton in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($837 per ton), while the average price for exports to Taiwan (Chinese) ($335 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $460 per ton in 2022, declining by -5.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 an increase of 61% against the previous year. The import price peaked at $1,088 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($524 per ton), while the price for New Zealand totaled $420 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.8%).
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia
Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Australia shrank to 1.8M tons in 2022, which is down by -13.2% on the previous year. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 0.7%.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank to $793M in 2022. Over the period under review, total exports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $911M, and then contracted in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 153 | 134 | 172 | 188 | 7.1% |
| Vietnam | 145 | 101 | 228 | 134 | -2.6% |
| Indonesia | 109 | 72.1 | 150 | 122 | 3.8% |
| Taiwan (Chinese) | 55.2 | 48.8 | 87.2 | 96.7 | 20.5% |
| India | 108 | 111 | 76.9 | 60.9 | -17.4% |
| South Korea | 44.0 | 14.0 | 32.3 | 60.5 | 11.2% |
| Thailand | 24.6 | 28.8 | 81.1 | 53.3 | 29.4% |
| Malaysia | 30.6 | 17.5 | 44.7 | 49.6 | 17.5% |
| Others | 49.8 | 66.4 | 37.6 | 28.4 | -17.1% |
| Total | 718 | 593 | 911 | 793 | 3.4% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Australia in 2022:
- Bangladesh (412.0K tons)
- Vietnam (292.4K tons)
- Indonesia (288.0K tons)
- Taiwan (Chinese) (186.7K tons)
- India (158.9K tons)
- South Korea (150.1K tons)
- Thailand (114.0K tons)
- Malaysia (89.0K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia
In 2022, overseas purchases of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -12.1% to 95K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 291% against the previous year. As a result, imports reached the peak of 116K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced rapidly to $44M in 2022. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 386% against the previous year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 6.4 | 25.1 | 34.0 | 25.5 | 58.5% |
| United States | 0.2 | 9.4 | 18.3 | 17.3 | 342.3% |
| Others | 0.6 | 0.7 | 0.4 | 0.8 | 10.1% |
| Total | 7.2 | 35.1 | 52.7 | 43.6 | 82.3% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Australia in 2022:
- New Zealand (60.8K tons)
- United States (33.1K tons)
386
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Australia.
708
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
386
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Australia.
708
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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