Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Spain - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Spain (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Spain (FOB) - 2023
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Spain
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Spain
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Spain (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $528 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 53%. The import price peaked at $649 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 ($2,058 per ton), while the price for Sweden ($375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), 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 Spain (FOB) - 2023
In August 2023, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $694 per ton, stabilizing at the previous month. Over the last ten-month period, it increased at an average monthly rate of +3.1%. The pace of growth was the most pronounced in March 2023 when the average export price increased by 35% m-o-m. Over the period under review, the average export prices reached the maximum in August 2023.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Belgium ($4,366 per ton), while the average price for exports to Portugal ($380 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 Belgium (+12.6%), 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 Spain
Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Spain declined rapidly to 3.1M tons in 2022, with a decrease of -24.8% against the previous year's figure. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of 4.2M tons, and then dropped sharply in the following year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels fell rapidly to $1.7B in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 88% against the previous year. As a result, imports attained the peak of $2.2B, and then dropped notably in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 479 | 383 | 766 | 695 | 13.2% |
| Germany | 92.7 | 106 | 273 | 220 | 33.4% |
| Portugal | 133 | 119 | 213 | 166 | 7.7% |
| United Kingdom | 213 | 169 | 326 | 163 | -8.5% |
| Turkey | 43.5 | 50.3 | 113 | 101 | 32.4% |
| Netherlands | 183 | 145 | 130 | 91.8 | -20.5% |
| Ireland | 36.8 | 27.5 | 61.7 | 33.4 | -3.2% |
| Sweden | 15.2 | 17.3 | 31.9 | 27.0 | 21.1% |
| Norway | 27.3 | 9.9 | 25.7 | 7.7 | -34.4% |
| Russia | 26.3 | 23.7 | 51.2 | 2.3 | -55.6% |
| Others | 121 | 101 | 171 | 144 | 6.0% |
| Total | 1,371 | 1,152 | 2,162 | 1,651 | 6.4% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Spain in 2022:
- France (1723.1K tons)
- United Kingdom (380.5K tons)
- Portugal (358.1K tons)
- Netherlands (109.2K tons)
- Germany (106.8K tons)
- Turkey (89.0K tons)
- Ireland (88.1K tons)
- Sweden (71.9K tons)
- Norway (16.2K tons)
- Russia (5.3K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Spain
After three years of growth, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -0.4% to 881K tons in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.5% 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 +58.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, the exports reached the peak of 884K tons, leveling off in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels rose significantly to $554M in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 117% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 92.5 | 106 | 191 | 134 | 13.1% |
| Morocco | 15.3 | 8.1 | 53.6 | 104 | 89.4% |
| France | 19.5 | 21.3 | 45.7 | 55.4 | 41.6% |
| Italy | 42.5 | 23.8 | 48.7 | 53.1 | 7.7% |
| Turkey | 0.6 | 16.0 | 34.9 | 44.3 | 319.5% |
| India | 8.6 | 8.5 | 26.8 | 40.2 | 67.2% |
| Belgium | 9.3 | 5.2 | 9.9 | 31.5 | 50.2% |
| Germany | 20.6 | 18.4 | 12.4 | 23.1 | 3.9% |
| United States | 6.0 | 11.9 | 10.7 | 0.7 | -51.1% |
| Others | 32.8 | 23.8 | 93.3 | 66.9 | 26.8% |
| Total | 248 | 243 | 527 | 554 | 30.7% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Spain in 2022:
- Portugal (344.8K tons)
- Morocco (229.8K tons)
- Turkey (79.6K tons)
- France (72.4K tons)
- Italy (42.9K tons)
- India (37.9K tons)
- Belgium (19.4K tons)
- Germany (9.8K tons)
- United States (2.1K tons)
399
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Spain.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
399
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Spain.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
