Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ghana - 2023

Contents:

1. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ghana (FOB) - 2023
2. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ghana (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ghana
4. Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ghana

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ghana (FOB) - 2023

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $353 per ton in December 2023, surging by 52% against the previous month. Over the period under review, the export price, however, recorded a slight decline. The pace of growth appeared the most rapid in September 2023 an increase of 165% m-o-m. As a result, the export price attained the peak level of $663 per ton. From October 2023 to December 2023, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From December 2022 to December 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to +13.7% per month.

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ghana (CIF) - 2022

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $170 per ton in 2022, falling by -6.9% against the previous year. Over the period under review, the import price, however, continues to indicate pronounced growth. The pace of growth was the most pronounced in 2016 an increase of 919%. Over the period under review, average import prices reached the maximum at $2,630 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($900 per ton), while the price for Togo ($53 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+32.4%), 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 Ghana

Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Ghana skyrocketed to 23K tons in 2022, jumping by 122% on the previous year. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels skyrocketed to $6.2M in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Ghana in 2022:

1. India (9.5K tons)
2. United Arab Emirates (1.5K tons)
3. China (0.4K tons)
4. Bosnia and Herzegovina (0.2K tons)

Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ghana

After two years of decline, overseas purchases of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -65.3% to 25K tons in 2022. Over the period under review, imports, however, saw a significant increase.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced markedly to $4.2M in 2022. Overall, imports, however, saw significant growth.

Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Ghana in 2022:

1. Burkina Faso (12.3K tons)
2. Togo (2.0K tons)
3. United States (0.7K tons)
4. Nigeria (0.3K tons)
5. China (0.1K tons)