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

Contents:

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

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Luxembourg (CIF) - 2023

In August 2023, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $377 per ton, almost unchanged from the previous month. Over the last ten months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in April 2023 an increase of 9.1% month-to-month. As a result, import price reached the peak level of $420 per ton. From May 2023 to August 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Switzerland.

From October 2022 to August 2023, the rate of growth in terms of prices for Germany amounted to +2.1% per month.

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

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $304 per ton in July 2023, which is down by -5.7% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 26% month-to-month. Over the period under review, the average export prices reached the maximum at $375 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Poland ($613 per ton), while the average price for exports to Germany ($267 per ton) was amongst the lowest.

From August 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Luxembourg declined to 1.9M tons in 2022, with a decrease of -12% against the previous year's figure. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined to $817M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.6% 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 +66.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 88%. As a result, imports attained the peak of $920M, and then reduced in the following year.

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

1. Germany (909.6K tons)
2. France (843.0K tons)
3. Belgium (113.8K tons)

Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Luxembourg

In 2022, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Luxembourg contracted notably to 87K tons, with a decrease of -17.6% against 2021 figures. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 22%.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels fell significantly to $31M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.4% 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 +60.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 91%. As a result, the exports attained the peak of $36M, and then fell sharply in the following year.

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

1. Germany (37.1K tons)
2. Belgium (27.6K tons)
3. France (20.6K tons)
4. Poland (1.6K tons)