Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Italy - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Italy (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Italy (FOB) - 2023
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Italy
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Italy
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Italy (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $513 per ton in 2022, growing by 5% against the previous year. In general, import price indicated slight 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 +71.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 64% 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 near future.
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 Germany ($601 per ton), while the price for the Czech Republic ($393 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), 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 Italy (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $796 per ton in August 2023, jumping by 30% against the previous month. Over the last ten months, it increased at an average monthly rate of +3.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was India ($1,554 per ton), while the average price for exports to Turkey ($354 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 (+7.0%), 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 Italy
In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Italy fell markedly to 5.2M tons, reducing by -21.3% against the previous year. Over the period under review, imports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of 6.6M tons, and then fell rapidly in the following year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced sharply to $2.7B in 2022. Overall, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 109%. As a result, imports attained the peak of $3.2B, and then shrank sharply in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 716 | 597 | 1,073 | 971 | 10.7% |
| Austria | 211 | 190 | 365 | 291 | 11.3% |
| France | 157 | 152 | 301 | 254 | 17.4% |
| Hungary | 157 | 125 | 246 | 215 | 11.0% |
| Slovenia | 147 | 114 | 218 | 208 | 12.3% |
| Czech Republic | 103 | 101 | 198 | 169 | 17.9% |
| United Kingdom | 2.4 | 34.1 | 214 | 143 | 290.6% |
| Switzerland | 76.4 | 75.8 | 127 | 104 | 10.8% |
| Croatia | 54.1 | 29.0 | 47.1 | 35.3 | -13.3% |
| Others | 162 | 119 | 428 | 268 | 18.3% |
| Total | 1,786 | 1,538 | 3,218 | 2,658 | 14.2% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Italy in 2022:
- Germany (1616.2K tons)
- Austria (660.8K tons)
- France (555.1K tons)
- Hungary (491.9K tons)
- Slovenia (491.4K tons)
- Czech Republic (430.7K tons)
- United Kingdom (280.7K tons)
- Switzerland (193.5K tons)
- Croatia (78.8K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Italy
In 2022, approx. 836K tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were exported from Italy; jumping by 30% compared with the year before. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, the exports of reached the peak figure 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 rapidly to $499M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 33.1 | 77.2 | 123 | 175 | 74.2% |
| India | 56.6 | 54.1 | 39.0 | 52.9 | -2.2% |
| Slovenia | 13.2 | 13.7 | 35.7 | 49.0 | 54.8% |
| Germany | 18.0 | 14.3 | 17.2 | 45.0 | 35.7% |
| France | 48.7 | 43.3 | 72.8 | 24.6 | -20.4% |
| Pakistan | 16.9 | 26.1 | 34.5 | 19.4 | 4.7% |
| Croatia | 0.3 | 5.7 | 6.4 | 18.5 | 295.1% |
| Belgium | 31.7 | 25.4 | 42.4 | 16.2 | -20.0% |
| Austria | 7.7 | 8.0 | 15.0 | 15.6 | 26.5% |
| Greece | 9.4 | 8.5 | 3.2 | 15.2 | 17.4% |
| Poland | 1.0 | 0.1 | 0.8 | 2.3 | 32.0% |
| Hungary | 1.6 | 1.3 | 3.1 | 2.1 | 9.5% |
| Egypt | 8.6 | 6.4 | 2.6 | 0.6 | -58.8% |
| Others | 59.9 | 47.1 | 53.4 | 62.6 | 1.5% |
| Total | 307 | 331 | 449 | 499 | 17.6% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Italy in 2022:
- Turkey (422.0K tons)
- Slovenia (112.2K tons)
- India (48.7K tons)
- Croatia (40.0K tons)
- Pakistan (29.7K tons)
- Greece (27.6K tons)
- Germany (25.1K tons)
- France (17.5K tons)
- Poland (16.6K tons)
- Austria (16.6K tons)
- Hungary (15.9K tons)
- Belgium (9.7K tons)
- Egypt (1.3K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Italy.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
408
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Italy.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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