Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland (CIF) - 2023
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $441 per ton, waning by -6.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 39%. As a result, the export price reached the peak level of $472 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($610 per ton), while the average price for exports to the UK ($384 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 the Netherlands (+5.5%), 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 Ireland (CIF) - 2023
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $518 per ton in August 2023, surging by 16% against the previous month. Overall, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 928% month-to-month. Over the period under review, average import prices hit record highs at $9,722 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From October 2022 to August 2023, the rate of growth in terms of prices for the UK amounted to -7.8% per month.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland
Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Ireland soared to 529K tons in 2022, jumping by 17% compared with the previous year. The total export volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels rose significantly to $233M in 2022. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 81%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 76.1 | 71.5 | 115 | 120 | 16.4% |
| Portugal | 21.8 | 15.1 | 33.5 | 32.2 | 13.9% |
| Spain | 30.2 | 16.9 | 29.0 | 22.3 | -9.6% |
| Bangladesh | 1.5 | 1.6 | 7.9 | 14.4 | 112.5% |
| India | 2.7 | 5.3 | 4.6 | 11.3 | 61.2% |
| Netherlands | 0.1 | 0.1 | 0.1 | 6.8 | 308.2% |
| France | 2.4 | 2.5 | 2.9 | 4.4 | 22.4% |
| Others | 2.4 | 5.2 | 20.1 | 21.5 | 107.7% |
| Total | 137 | 118 | 213 | 233 | 19.4% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Ireland in 2022:
- United Kingdom (313.5K tons)
- Portugal (67.0K tons)
- Spain (50.8K tons)
- Bangladesh (27.2K tons)
- India (24.4K tons)
- Netherlands (11.1K tons)
- France (11.0K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland
In 2022, approx. 1.2K tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were imported into Ireland; increasing by 14% against the year before. Over the period under review, imports, however, showed a abrupt slump.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined significantly to $5M in 2022. Overall, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 557%. As a result, imports attained the peak of $11M, and then fell rapidly in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | N/A | 8.0 | 1.9 | -76.3% |
| Italy | N/A | N/A | N/A | 1.3 | 0% |
| United Kingdom | 1.8 | 1.3 | 1.2 | 0.9 | -20.6% |
| Spain | 4.0 | 0.1 | N/A | N/A | -97.5% |
| Denmark | N/A | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.3 | 1.4 | 0.8 | 10.1% |
| Total | 6.4 | 1.6 | 10.5 | 5.0 | -7.9% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Ireland in 2022:
- United Kingdom (854.7 tons)
- Italy (120.3 tons)
- Czech Republic (99.0 tons)
- Denmark (22.1 tons)
- Spain (0.2 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ireland.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
390
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ireland.
709
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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