Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $340 per ton in March 2022, waning by -25.6% against the previous month. Over the period under review, the import price showed a slight slump. The pace of growth appeared the most rapid in November 2021 when the average import price increased by 12% against the previous month. The import price peaked at $457 per ton in February 2022, and then fell sharply in the following month.
Average prices varied somewhat amongst the major supplying countries. In March 2022, the country with the highest price was Lithuania ($441 per ton), while the price for Russia amounted to $339 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+1.0%).
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $544 per ton, surging by 92% against the previous year. In general, the export price, however, showed a pronounced descent. The export price peaked at $966 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($2,491 per ton), while the average price for exports to Latvia ($283 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus
For the third year in a row, Belarus recorded decline in overseas purchases of ferrous waste and scrap; remelting scrap ingots of iron or steels, which decreased by -58.7% to 469K tons in 2022. In general, imports recorded a precipitous decline. The smallest decline of -4% was in 2021.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank rapidly to $187M in 2022. Overall, imports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $457M, and then declined sharply in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 323 | 301 | 439 | 176 | -18.3% |
| Lithuania | 43.3 | 16.5 | 16.0 | 9.9 | -38.9% |
| Others | 3.9 | 3.5 | 2.2 | 0.9 | -38.7% |
| Total | 370 | 321 | 457 | 187 | -20.3% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Belarus in 2022:
- Russia (434.6K tons)
- Lithuania (32.0K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus
In 2022, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -97.5% to 867 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 609% against the previous year. As a result, the exports attained the peak of 106K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined significantly to $471K in 2022. In general, exports saw a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 432%. As a result, the exports attained the peak of $32M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1.7 | 1.5 | 1.8 | 0.2 | -51.0% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Netherlands | 0.8 | 1.5 | 1.0 | 0.1 | -50.0% |
| Latvia | 1.4 | 1.0 | 4.3 | 0.1 | -58.5% |
| Germany | 0.6 | 0.6 | 0.7 | 0.1 | -45.0% |
| Russia | 0.2 | 0.2 | 0.7 | N/A | 87.1% |
| Egypt | N/A | 24.4 | N/A | N/A | 0% |
| Ukraine | 0.7 | 1.5 | 0.7 | N/A | 0.0% |
| Others | 0.5 | 0.9 | 0.7 | N/A | 18.3% |
| Total | 6.0 | 31.7 | 9.8 | 0.5 | -56.3% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Belarus in 2022:
- Latvia (392.1 tons)
- Lithuania (385.7 tons)
- Germany (40.1 tons)
- Netherlands (22.1 tons)
- Turkey (20.1 tons)
- Ukraine (4.9 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Belarus.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
392
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Belarus.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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