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

Contents:

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

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

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $420 per ton in August 2023, increasing by 1.6% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 30% m-o-m. The export price peaked at $541 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Pakistan ($1,047 per ton), while the average price for exports to Turkey ($360 per ton) was amongst the lowest.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In August 2023, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $477 per ton, with an increase of 5.6% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 27% against the previous month. The import price peaked at $571 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($1,231 per ton), while the price for Switzerland amounted to $301 per ton.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels, when their volume decreased by -13.6% to 1.2M tons. The total export volume increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports reached the peak of 1.4M tons, and then dropped in the following year.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank to $654M in 2022. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 88%. As a result, the exports reached the peak of $743M, and then declined in the following year.

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

1. Italy (547.8K tons)
2. Germany (411.8K tons)
3. Slovenia (111.0K tons)
4. Switzerland (64.1K tons)
5. Croatia (63.8K tons)
6. Turkey (12.0K tons)

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

In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Austria shrank sharply to 1.1M tons, which is down by -19% compared with 2021. Over the period under review, imports saw a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 1.3M tons, and then declined notably in the following year.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted sharply to $602M in 2022. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year. As a result, imports reached the peak of $715M, and then declined notably in the following year.

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

1. Germany (455.2K tons)
2. Czech Republic (314.5K tons)
3. Slovakia (91.4K tons)
4. Hungary (68.8K tons)
5. Switzerland (60.9K tons)
6. Poland (35.0K tons)
7. Italy (27.0K tons)