Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Romania - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Romania (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Romania (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Romania
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Romania
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Romania (FOB) - 2023
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $353 per ton in August 2023, waning by -5.3% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 8.4% month-to-month. Over the period under review, the average export prices reached the maximum at $439 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In August 2023, the country with the highest price was Serbia ($366 per ton), while the average price for exports to Turkey ($327 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 Serbia (+1.4%), 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 Romania (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $389 per ton in 2022, shrinking by -9.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 68%. The import price peaked at $490 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Poland ($649 per ton), while the price for Slovakia ($346 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), 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 Romania
After three years of growth, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -11.7% to 1.4M tons in 2022. The total export volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank to $599M in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 73%. As a result, the exports attained the peak of $674M, and then shrank in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 192 | 272 | 421 | 415 | 29.3% |
| Bulgaria | 48.6 | 28.1 | 42.7 | 61.4 | 8.1% |
| Greece | 20.8 | 3.0 | 12.0 | 42.9 | 27.3% |
| Moldova | 45.1 | 64.4 | 147 | 29.8 | -12.9% |
| Others | 24.5 | 21.1 | 50.7 | 50.1 | 26.9% |
| Total | 331 | 389 | 674 | 599 | 21.9% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Romania in 2022:
- Turkey (1022.9K tons)
- Bulgaria (137.2K tons)
- Greece (99.4K tons)
- Moldova (79.8K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Romania
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels imported into Romania contracted sharply to 75K tons, dropping by -38.3% compared with 2021 figures. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 89%. As a result, imports reached the peak of 122K tons, and then reduced notably in the following year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank notably to $29M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 218% against the previous year. As a result, imports reached the peak of $52M, and then fell notably in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 11.0 | 7.7 | 21.0 | 14.2 | 8.9% |
| Slovakia | 7.4 | 0.8 | N/A | 5.4 | -10.0% |
| Hungary | 7.7 | 4.0 | 9.2 | 3.8 | -21.0% |
| Czech Republic | N/A | N/A | 1.4 | 1.7 | 21.4% |
| Ukraine | N/A | N/A | 15.8 | 0.9 | -94.3% |
| Poland | 1.8 | 0.7 | N/A | 0.9 | -20.6% |
| Netherlands | 0.4 | 0.3 | 0.8 | 0.6 | 14.5% |
| Others | 1.5 | 3.0 | 4.3 | 1.8 | 6.3% |
| Total | 29.8 | 16.5 | 52.4 | 29.3 | -0.6% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Romania in 2022:
- Bulgaria (40.2K tons)
- Slovakia (15.5K tons)
- Hungary (9.2K tons)
- Czech Republic (4.1K tons)
- Ukraine (2.0K tons)
- Poland (1.4K tons)
- Netherlands (1.3K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Romania.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
397
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Romania.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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