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

Contents:

1. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Egypt (CIF) - 2023
2. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Egypt (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Egypt
4. Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Egypt

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

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $401 per ton in June 2023, with a decrease of -18% against the previous month. In general, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 2.1% against the previous month. As a result, import price attained the peak level of $491 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Romania ($401 per ton) and Lebanon ($401 per ton), while the price for Venezuela ($401 per ton) and the UK ($401 per ton) were amongst the lowest.

From November 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Egypt (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $1,958 per ton, picking up by 27% against the previous year. Over the period under review, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 94% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($1,984 per ton) and the Netherlands ($1,984 per ton), while the average price for exports to the UK ($1,922 per ton) and Belgium ($1,984 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Egypt reduced sharply to 3.3M tons, which is down by -16.8% on 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of 3.9M tons, and then contracted markedly in the following year.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted to $1.5B in 2022. Overall, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 102%. As a result, imports attained the peak of $1.7B, and then contracted in the following year.

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

1. United Kingdom (1252.4K tons)
2. Belgium (783.6K tons)
3. United States (543.8K tons)
4. Netherlands (491.9K tons)
5. Lebanon (117.6K tons)

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

In 2022, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Egypt fell rapidly to 2.4K tons, declining by -66.4% compared with 2021. In general, exports recorded a sharp slump. The smallest decline of -16.6% was in 2021.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank markedly to $4.6M in 2022. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of $11M, and then reduced notably in the following year.

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

1. Netherlands (1489.6 tons)
2. India (666.9 tons)
3. United Kingdom (109.6 tons)
4. Belgium (37.4 tons)