Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden (CIF) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden (FOB) - 2024
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden (CIF) - 2024
In January 2024, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $1,407 per ton, rising by 73% against the previous month. In general, the import price, however, showed a pronounced slump. The import price peaked at $2,691 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From January 2023 to January 2024, the rate of growth in terms of prices for Finland amounted to +1.5% per month.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden (FOB) - 2024
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $397 per ton in January 2024, jumping by 20% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 95% against the previous month. As a result, the export price reached the peak level of $652 per ton. From October 2023 to January 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($1,005 per ton), while the average price for exports to Norway ($346 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden
Imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into Sweden contracted to 13K tons in 2022, which is down by -13.1% against 2021 figures. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 116%. As a result, imports attained the peak of 15K tons, and then declined in the following year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s expanded rapidly to $19M in 2022. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 311%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.4 | 1.0 | 8.2 | 9.3 | 28.3% |
| Norway | 1.4 | 2.1 | 2.9 | 4.8 | 50.8% |
| Finland | 0.2 | 0.5 | 3.9 | 2.8 | 141.0% |
| Netherlands | N/A | N/A | 0.9 | 1.0 | 11.1% |
| Turkey | N/A | N/A | N/A | 0.2 | 0% |
| Others | 1.0 | 0.4 | 0.8 | 0.5 | -20.6% |
| Total | 6.9 | 4.0 | 16.7 | 18.6 | 39.2% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Sweden in 2022:
- Norway (5.6K tons)
- Finland (4.7K tons)
- Germany (2.0K tons)
- Turkey (0.2K tons)
- Netherlands (0.2K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden
In 2022, approx. 15K tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were exported from Sweden; shrinking by -77.6% against 2021 figures. In general, exports recorded a sharp shrinkage. The smallest decline of -1.1% was in 2020.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s declined significantly to $9.6M in 2022. Over the period under review, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 6.6% against the previous year. As a result, the exports attained the peak of $28M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.3 | 1.5 | 1.2 | 2.9 | 30.7% |
| France | 1.8 | 2.9 | 0.9 | 2.3 | 8.5% |
| Germany | 1.0 | 0.9 | 1.2 | 1.4 | 11.9% |
| Belgium | 2.8 | 1.1 | 0.8 | 1.3 | -22.6% |
| Turkey | 18.5 | 20.2 | 19.9 | 1.1 | -61.0% |
| Denmark | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Norway | 0.2 | 0.4 | 0.7 | 0.3 | 14.5% |
| Others | 0.7 | 1.0 | 0.6 | 0.1 | -47.7% |
| Total | 26.3 | 28.1 | 25.7 | 9.6 | -28.5% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Sweden in 2022:
- India (4.5K tons)
- Belgium (3.5K tons)
- Turkey (2.4K tons)
- Germany (1.9K tons)
- France (1.5K tons)
- Denmark (0.7K tons)
- Norway (0.7K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sweden.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
407
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sweden.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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