Price for Ferrous Waste and Scrap; of Cast Iron in Italy - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Italy (CIF) - 2023
- Price for Ferrous Waste and Scrap; of Cast Iron in Italy (FOB) - 2023
- Imports of Ferrous Waste and Scrap; of Cast Iron in Italy
- Exports of Ferrous Waste and Scrap; of Cast Iron in Italy
Price for Ferrous Waste and Scrap; of Cast Iron in Italy (CIF) - 2023
In October 2023, the average import price for ferrous waste and scrap; of cast ira amounted to $394 per ton, with an increase of 29% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.3%. The import price peaked at $446 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($675K per ton), while the price for Switzerland stood at $310 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+197.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Cast Iron in Italy (FOB) - 2023
In October 2023, the average export price for ferrous waste and scrap; of cast ira amounted to $350 per ton, reducing by -3.8% against the previous month. In general, the export price continues to indicate a pronounced setback. The pace of growth was the most pronounced in March 2023 an increase of 225% m-o-m. As a result, the export price attained the peak level of $1,427 per ton. From April 2023 to October 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From November 2022 to October 2023, the rate of growth in terms of prices for Romania amounted to +15.9% per month.
Imports of Ferrous Waste and Scrap; of Cast Iron in Italy
In 2022, supplies from abroad of ferrous waste and scrap; of cast ira decreased by -11.4% to 106K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of 119K tons, and then dropped in the following year.
In value terms, imports of ferrous waste and scrap; of cast ira contracted rapidly to $40M in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 106%. As a result, imports reached the peak of $50M, and then reduced remarkably in the following year.
| Import of Ferrous Waste and Scrap; of Cast Iron in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.7 | 3.4 | 4.0 | 16.6 | 83.2% |
| Germany | 12.7 | 14.7 | 32.6 | 13.0 | 0.8% |
| Czech Republic | 0.9 | 0.8 | 1.3 | 1.8 | 26.0% |
| Austria | 0.8 | 0.8 | 2.3 | 1.7 | 28.6% |
| Bulgaria | N/A | N/A | 0.4 | 1.5 | 275.0% |
| Slovenia | 0.8 | 0.6 | 1.5 | 1.1 | 11.2% |
| Hungary | 1.2 | 0.9 | 1.8 | 0.8 | -12.6% |
| Others | 0.8 | 3.1 | 6.2 | 3.8 | 68.1% |
| Total | 20.1 | 24.3 | 50.1 | 40.3 | 26.1% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Italy in 2022:
- France (46.6K tons)
- Germany (36.1K tons)
- Czech Republic (4.8K tons)
- Austria (4.5K tons)
- Bulgaria (3.9K tons)
- Slovenia (2.6K tons)
- Hungary (2.5K tons)
Exports of Ferrous Waste and Scrap; of Cast Iron in Italy
In 2022, approx. 5.2K tons of ferrous waste and scrap; of cast ira were exported from Italy; increasing by 178% compared with the previous year's figure. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 280%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of ferrous waste and scrap; of cast ira skyrocketed to $1.4M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 141%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Ferrous Waste and Scrap; of Cast Iron in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 602 | 26.6 | 518 | 789 | 9.4% |
| United Kingdom | 454 | 207 | 294 | 215 | -22.1% |
| Israel | N/A | N/A | 77.3 | 96.4 | 24.7% |
| Slovenia | N/A | 12.3 | 18.6 | 95.1 | 178.1% |
| India | N/A | N/A | N/A | 82.1 | 0% |
| Turkey | N/A | N/A | 3.7 | 41.5 | 1021.6% |
| France | 77.8 | N/A | 2.4 | 23.1 | -33.3% |
| Sweden | 149 | N/A | N/A | N/A | 0% |
| Others | 70.3 | 150 | 41.1 | 34.3 | -21.3% |
| Total | 1,353 | 396 | 955 | 1,377 | 0.6% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Italy in 2022:
- Germany (2361.8 tons)
- India (1238.1 tons)
- Slovenia (813.7 tons)
- Israel (339.8 tons)
- Turkey (264.6 tons)
- United Kingdom (126.8 tons)
- France (27.8 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Italy.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
392
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Italy.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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