Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Japan - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Japan (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Japan (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Japan
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Japan
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Japan (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $427 per ton in July 2023, stabilizing at the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 10% m-o-m. Over the period under review, the average export prices hit record highs at $486 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was China ($882 per ton), while the average price for exports to Bangladesh ($357 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.0%), 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 Japan (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $2,695 per ton, picking up by 30% against the previous year. Over the period under review, the import price recorded a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Philippines ($6,782 per ton), while the price for Thailand ($1,055 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.6%), 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 Japan
In 2022, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -13.9% to 6.3M tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. As a result, the exports reached the peak of 9.4M tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced to $3.1B in 2022. The total export value increased at an average annual rate of +6.8% 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 36%. As a result, the exports attained the peak of $3.6B, and then dropped in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,311 | 850 | 1,572 | 1,512 | 4.9% |
| Vietnam | 632 | 877 | 968 | 577 | -3.0% |
| Taiwan (Chinese) | 229 | 322 | 317 | 281 | 7.1% |
| China | 25.5 | 12.2 | 212 | 239 | 110.8% |
| Malaysia | 103 | 199 | 188 | 167 | 17.5% |
| Bangladesh | 87.4 | 223 | 130 | 150 | 19.7% |
| Thailand | 29.3 | 56.2 | 47.4 | 64.0 | 29.7% |
| Others | 121 | 122 | 181 | 101 | -5.8% |
| Total | 2,538 | 2,661 | 3,616 | 3,090 | 6.8% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Japan in 2022:
- South Korea (3136.9K tons)
- Vietnam (1313.8K tons)
- Taiwan (Chinese) (628.7K tons)
- Bangladesh (368.8K tons)
- China (357.7K tons)
- Malaysia (232.2K tons)
- Thailand (97.8K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Japan
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels imported into Japan expanded to 90K tons, growing by 2.9% on the previous year. Over the period under review, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 76%.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $244M in 2022. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 95%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 58.1 | 40.8 | 82.8 | 98.6 | 19.3% |
| Taiwan (Chinese) | 20.6 | 8.8 | 30.5 | 48.1 | 32.7% |
| United States | 35.1 | 14.5 | 18.6 | 24.1 | -11.8% |
| Philippines | 6.6 | 5.9 | 12.1 | 16.2 | 34.9% |
| Malaysia | 6.3 | 3.7 | 5.1 | 9.7 | 15.5% |
| Thailand | 4.3 | 4.1 | 6.8 | 7.6 | 20.9% |
| Singapore | 4.5 | 2.4 | 5.0 | 7.5 | 18.6% |
| Indonesia | 3.8 | 3.4 | 5.2 | 5.6 | 13.8% |
| Hong Kong SAR | 0.5 | 0.5 | 2.4 | 4.6 | 109.5% |
| China | 2.3 | 1.3 | 2.3 | 2.6 | 4.2% |
| Others | 14.0 | 8.1 | 11.2 | 19.0 | 10.7% |
| Total | 156 | 93.5 | 182 | 244 | 16.1% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Japan in 2022:
- South Korea (35.2K tons)
- Taiwan (Chinese) (18.8K tons)
- United States (7.4K tons)
- Thailand (7.2K tons)
- Singapore (3.5K tons)
- Malaysia (3.2K tons)
- Philippines (2.4K tons)
- China (2.1K tons)
- Indonesia (2.0K tons)
- Hong Kong SAR (2.0K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Japan.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
437
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Japan.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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