Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia (CIF) - 2023
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $521 per ton in August 2023, jumping by 29% against the previous month. Over the period under review, the export price recorded noticeable growth. The pace of growth was the most pronounced in March 2023 when the average export price increased by 146% against the previous month. As a result, the export price attained the peak level of $992 per ton. From April 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was India ($502 per ton), while the average price for exports to Turkey ($334 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.2%), 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 Estonia (CIF) - 2023
In August 2023, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $1,108 per ton, rising by 136% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 267% against the previous month. As a result, import price reached the peak level of $2,062 per ton. From February 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Russia ($2,146 per ton), while the price for Germany ($798 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia
After three years of growth, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -25.8% to 406K tons in 2022. Overall, exports saw a mild decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of 547K tons, and then shrank markedly in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined dramatically to $229M in 2022. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 81% against the previous year. As a result, the exports attained the peak of $305M, and then declined remarkably in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 90.3 | 86.4 | 168 | 123 | 10.9% |
| Germany | 39.5 | 58.5 | 90.1 | 64.2 | 17.6% |
| Latvia | 2.8 | 2.8 | 25.5 | 26.1 | 110.5% |
| India | 1.9 | 2.2 | 2.8 | 4.1 | 29.2% |
| Finland | 5.7 | 2.3 | 9.9 | 3.3 | -16.7% |
| Japan | 5.1 | 7.6 | N/A | N/A | 49.0% |
| Others | 7.2 | 8.7 | 8.9 | 8.2 | 4.4% |
| Total | 152 | 169 | 305 | 229 | 14.6% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Estonia in 2022:
- Turkey (289.6K tons)
- Latvia (64.4K tons)
- Germany (26.4K tons)
- India (7.7K tons)
- Finland (6.3K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia
For the third consecutive year, Estonia recorded decline in purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, which decreased by -45.9% to 53K tons in 2022. In general, imports showed a dramatic shrinkage. The smallest decline of -17.1% was in 2021.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined dramatically to $56M in 2022. Overall, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 when imports increased by 67%. As a result, imports reached the peak of $97M, and then shrank sharply in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 27.1 | 16.3 | 34.5 | 37.5 | 11.4% |
| Russia | 13.0 | 20.3 | 43.4 | 8.9 | -11.9% |
| Azerbaijan | 0.8 | 1.6 | 3.1 | 2.2 | 40.1% |
| United Kingdom | N/A | 0.2 | 0.1 | 1.9 | 208.2% |
| Netherlands | N/A | 1.6 | 1.4 | 1.8 | 6.1% |
| Latvia | 11.7 | 10.9 | 11.3 | 1.8 | -46.4% |
| Lithuania | 7.2 | 5.8 | 1.2 | 0.7 | -54.0% |
| Others | 2.1 | 1.5 | 2.3 | 1.1 | -19.4% |
| Total | 61.9 | 58.2 | 97.1 | 56.0 | -3.3% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Estonia in 2022:
- Finland (35.5K tons)
- Latvia (4.1K tons)
- Russia (3.6K tons)
- Netherlands (3.2K tons)
- United Kingdom (3.1K tons)
- Lithuania (1.6K tons)
- Azerbaijan (0.8K tons)
162
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Estonia.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
162
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Estonia.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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