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

Contents:

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

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

In August 2023, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $552 per ton, surging by 11% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in December 2022 when the average export price increased by 17% m-o-m. The export price peaked at $626 per ton in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was India ($805 per ton), while the average price for exports to Bangladesh ($366 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 Kuwait (+8.3%), 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 Netherlands (CIF) - 2023

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $513 per ton in August 2023, with an increase of 9.4% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in May 2023 an increase of 17% month-to-month. As a result, import price reached the peak level of $579 per ton. From June 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 the UK ($4,403 per ton), while the price for Switzerland ($330 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 the UK (+26.1%), 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 the Netherlands

After three years of growth, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -15.7% to 6.5M tons in 2022. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of 7.7M tons, and then contracted rapidly in the following year.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank to $4.1B in 2022. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 77%. As a result, the exports attained the peak of $4.5B, and then shrank in the following year.

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

1. Turkey (2199.8K tons)
2. Germany (1210.4K tons)
3. Belgium (611.6K tons)
4. Egypt (565.6K tons)
5. Bangladesh (276.4K tons)
6. India (274.5K tons)
7. Finland (257.0K tons)
8. Morocco (198.6K tons)
9. Spain (172.6K tons)
10. United States (131.9K tons)

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

In 2022, overseas purchases of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -13.3% to 3.4M tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 9% against the previous year. As a result, imports attained the peak of 3.9M tons, and then contracted in the following year.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels dropped to $2.1B in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. As a result, imports attained the peak of $2.2B, and then dropped in the following year.

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

1. Germany (2053.9K tons)
2. Belgium (456.9K tons)
3. Norway (249.6K tons)
4. United Kingdom (151.4K tons)
5. France (88.7K tons)
6. Switzerland (30.7K tons)