Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece (FOB) - 2023
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $458 per ton in 2022, picking up by 8.1% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +67.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($526 per ton) and Lebanon ($513 per ton), while the price for Libya ($401 per ton) and North Macedonia ($402 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $409 per ton in August 2023, dropping by -23.7% against the previous month. In general, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in February 2023 an increase of 60% month-to-month. As a result, the export price reached the peak level of $983 per ton. From March 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Pakistan ($946 per ton), while the average price for exports to Turkey ($253 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 Pakistan (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece
In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Greece stood at 971K tons, picking up by 8.8% on the previous year's figure. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $445M in 2022. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 79%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 58.7 | 52.8 | 119 | 162 | 40.3% |
| Romania | 17.3 | 1.4 | 11.2 | 43.9 | 36.4% |
| Cyprus | 21.3 | 21.2 | 33.5 | 38.4 | 21.7% |
| Libya | 5.7 | N/A | 2.9 | 30.5 | 74.9% |
| North Macedonia | 12.0 | 9.8 | 17.6 | 29.5 | 35.0% |
| Lebanon | 39.0 | 50.7 | 71.6 | 24.3 | -14.6% |
| Israel | 15.6 | 15.0 | 32.0 | 19.3 | 7.4% |
| Italy | 7.6 | 5.6 | 2.8 | 17.5 | 32.1% |
| Netherlands | N/A | 25.4 | 17.0 | 16.6 | -19.2% |
| France | 3.1 | 4.5 | 10.0 | 16.5 | 74.6% |
| Belgium | 3.9 | N/A | 18.3 | 11.8 | 44.6% |
| Bulgaria | 5.1 | 2.0 | N/A | 9.3 | 22.2% |
| Albania | 2.6 | 2.8 | 1.9 | 8.5 | 48.4% |
| Others | 59.3 | 20.5 | 40.0 | 17.2 | -33.8% |
| Total | 251 | 212 | 378 | 445 | 21.0% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Greece in 2022:
- United States (328.7K tons)
- Romania (93.2K tons)
- Cyprus (92.1K tons)
- Libya (76.1K tons)
- North Macedonia (73.3K tons)
- Lebanon (47.3K tons)
- Israel (44.0K tons)
- Netherlands (40.0K tons)
- France (37.2K tons)
- Italy (33.3K tons)
- Belgium (25.2K tons)
- Bulgaria (22.5K tons)
- Albania (19.4K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece
In 2022, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Greece skyrocketed to 163K tons, rising by 25% on 2021 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 117% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels skyrocketed to $94M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 202% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.5 | 4.2 | 41.6 | 44.9 | 161.9% |
| India | 10.1 | 9.9 | 15.9 | 13.8 | 11.0% |
| Netherlands | 3.3 | 3.6 | 9.8 | 8.4 | 36.5% |
| Italy | 0.7 | 0.9 | 3.2 | 6.7 | 112.3% |
| Albania | N/A | 3.5 | 0.4 | 5.6 | 26.5% |
| Pakistan | 1.2 | 2.7 | 3.7 | 3.8 | 46.8% |
| Bulgaria | 0.7 | 0.1 | 0.1 | 2.0 | 41.9% |
| Others | 3.9 | 1.9 | 6.1 | 9.2 | 33.1% |
| Total | 22.5 | 26.7 | 80.8 | 94.4 | 61.3% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Greece in 2022:
- Turkey (98.9K tons)
- Albania (26.6K tons)
- India (12.5K tons)
- Netherlands (6.5K tons)
- Bulgaria (5.7K tons)
- Pakistan (3.8K tons)
- Italy (2.7K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Greece.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
440
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Greece.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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