Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China (CIF) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China (CIF) - 2024
In December 2023, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $757 per ton, surging by 13% against the previous month. Over the period under review, the import price, however, showed a mild decline. Over the period under review, average import prices hit record highs at $841 per ton in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($1,836 per ton), while the price for Japan ($632 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $469 per ton, with an increase of 111% against the previous year. In general, the export price, however, saw a deep slump. The growth pace was the most rapid in 2020 when the average export price increased by 161%. Over the period under review, the average export prices hit record highs at $2,359 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($774 per ton), while the average price for exports to Taiwan (Chinese) ($200 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+868.2%), 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 China
In 2022, approx. 125K tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were imported into China; jumping by 29% against the previous year's figure. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 338%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s skyrocketed to $103M in 2022. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 327% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 18.4 | 3.3 | 29.5 | 48.7 | 38.3% |
| South Korea | 15.5 | 7.2 | 21.3 | 32.8 | 28.4% |
| Taiwan (Chinese) | 7.2 | 0.5 | 4.5 | 8.7 | 6.5% |
| Malaysia | 11.5 | 1.4 | 3.4 | 3.0 | -36.1% |
| Thailand | 0.5 | N/A | 0.7 | 2.3 | 66.3% |
| Philippines | 5.7 | N/A | 0.6 | 0.9 | -46.0% |
| Germany | 4.4 | 2.7 | 3.6 | 0.5 | -51.6% |
| Hong Kong SAR | 13.0 | 0.1 | 1.3 | N/A | -68.4% |
| Others | 8.5 | 1.9 | 8.0 | 6.0 | -11.0% |
| Total | 84.8 | 17.1 | 72.9 | 103 | 6.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to China in 2022:
- Japan (65.0K tons)
- South Korea (42.4K tons)
- Taiwan (Chinese) (6.5K tons)
- Thailand (2.0K tons)
- Malaysia (1.9K tons)
- Philippines (0.3K tons)
- Germany (0.3K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China
In 2022, approx. 23 tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were exported from China; shrinking by -83.6% compared with the year before. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of 1,605%. As a result, the exports reached the peak of 141 tons, and then reduced markedly in the following year.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s reduced dramatically to $11K in 2022. In general, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 203% against the previous year. As a result, the exports reached the peak of $31K, and then dropped rapidly in the following year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 5.6 | 0% |
| South Korea | N/A | N/A | N/A | 2.9 | 0% |
| Vietnam | N/A | N/A | N/A | 2.4 | 0% |
| Uganda | N/A | 1.8 | N/A | N/A | 0% |
| United Kingdom | 9.1 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 30.9 | N/A | 0% |
| Others | N/A | 8.5 | 0.4 | N/A | -95.3% |
| Total | 9.1 | 10.4 | 31.4 | 11.0 | 6.5% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from China in 2022:
- South Korea (12.3 tons)
- France (7.2 tons)
- Vietnam (3.5 tons)
- Taiwan (Chinese) (0.1 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in China.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
393
This report provides an in-depth analysis of the market for metal remelting scrap ingots in China.
694
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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