Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Czech Republic - 2023

Contents:

1. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Czech Republic (FOB) - 2023
2. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Czech Republic (CIF) - 2023
3. Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Czech Republic
4. Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Czech Republic

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Czech Republic (FOB) - 2023

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $370 per ton in August 2023, stabilizing at the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 16% month-to-month. As a result, the export price reached the peak level of $476 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In August 2023, the countries with the highest prices were Slovenia ($414 per ton) and Austria ($414 per ton), while the average price for exports to Italy ($299 per ton) and Slovakia ($316 per ton) were amongst the lowest.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+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 the Czech Republic (CIF) - 2023

In August 2023, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $354 per ton, picking up by 5.1% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 20% m-o-m. As a result, import price attained the peak level of $461 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Slovakia ($380 per ton), while the price for Italy ($129 per ton) was amongst the lowest.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Czech Republic

Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from the Czech Republic shrank to 2.2M tons in 2022, dropping by -8.1% compared with 2021. Over the period under review, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 9.2% against the previous year. As a result, the exports reached the peak of 2.4M tons, and then contracted in the following year.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted to $1B in 2022. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year. As a result, the exports attained the peak of $1.2B, and then declined in the following year.

Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from the Czech Republic in 2022:

1. Germany (923.4K tons)
2. Italy (433.5K tons)
3. Poland (314.7K tons)
4. Austria (264.3K tons)
5. Slovakia (134.8K tons)
6. Slovenia (46.4K tons)

Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in the Czech Republic

In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into the Czech Republic declined to 496K tons, dropping by -2.7% on the previous year. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of 510K tons, and then dropped in the following year.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank to $209M in 2022. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 92% against the previous year. As a result, imports reached the peak of $230M, and then reduced in the following year.

Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to the Czech Republic in 2022:

1. Poland (351.8K tons)
2. Slovakia (119.7K tons)