Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia (FOB) - 2023
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia (CIF) - 2023
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia (FOB) - 2023
In August 2023, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $380 per ton, remaining stable against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices hit record highs at $479 per ton in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Germany ($1,428 per ton), while the average price for exports to Italy ($260 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia (CIF) - 2023
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $357 per ton in August 2023, shrinking by -7.2% against the previous month. Over the period under review, the import price showed a pronounced setback. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 31% m-o-m. As a result, import price attained the peak level of $613 per ton. From January 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Bulgaria ($380 per ton) and Hungary ($360 per ton), while the price for Bosnia and Herzegovina ($353 per ton) and Romania ($355 per ton) were amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hungary (+1.3%), 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 Serbia
In 2022, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -62% to 87K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, the exports reached the peak of 258K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels dropped notably to $47M in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 42%. As a result, the exports attained the peak of $105M, and then reduced dramatically in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 22.1 | 21.0 | 40.8 | 13.0 | -16.2% |
| Bulgaria | 17.0 | 22.7 | 11.9 | 12.5 | -9.7% |
| Greece | N/A | 1.2 | 19.8 | 8.7 | 169.3% |
| Italy | 2.0 | 1.5 | 3.6 | 4.8 | 33.9% |
| Germany | 1.2 | 1.4 | 4.6 | 3.8 | 46.8% |
| Slovenia | 2.3 | 2.7 | 4.0 | 3.3 | 12.8% |
| Albania | 17.9 | 15.0 | 10.1 | N/A | -24.9% |
| Turkey | 3.1 | 5.1 | 4.8 | N/A | 24.4% |
| Others | 2.4 | 3.2 | 5.2 | 0.9 | -27.9% |
| Total | 68.0 | 73.8 | 105 | 47.1 | -11.5% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Serbia in 2022:
- Bulgaria (27.1K tons)
- North Macedonia (26.9K tons)
- Greece (17.0K tons)
- Italy (9.1K tons)
- Slovenia (4.6K tons)
- Germany (1.6K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia
Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Serbia soared to 17K tons in 2022, increasing by 123% against the previous year's figure. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels surged to $12M in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 508% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 0.3 | 0.4 | 0.4 | 5.1 | 157.1% |
| Spain | N/A | N/A | 4.8 | 4.2 | -12.5% |
| Hungary | 0.8 | 0.8 | 2.0 | 1.9 | 33.4% |
| Romania | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 1.2 | 1.2 | 7.3 | 11.7 | 113.6% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Serbia in 2022:
- Bosnia and Herzegovina (9.5K tons)
- Hungary (4.5K tons)
- Spain (1.5K tons)
- Romania (1.0K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Serbia.
694
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
107
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Serbia.
694
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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