Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Uruguay - 2022

Contents:

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

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

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $1,116 per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 44% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,751 per ton), while the average price for exports to Thailand ($300 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 China (+15.5%), 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 Uruguay (CIF) - 2022

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $83 per ton in 2022, with a decrease of -19.1% against the previous year. Over the period under review, the import price saw a drastic downturn. The growth pace was the most rapid in 2018 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $259 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($637 per ton), while the price for Free Zones ($66 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

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

Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Uruguay dropped markedly to 1.2K tons in 2022, with a decrease of -46.9% on 2021. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of 2.3K tons, and then shrank rapidly in the following year.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced sharply to $1.3M in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 145% against the previous year. As a result, the exports attained the peak of $2.2M, and then fell remarkably in the following year.

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

1. India (538.8 tons)
2. Spain (343.8 tons)
3. Netherlands (127.7 tons)
4. China (101.1 tons)
5. Thailand (82.2 tons)

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

For the fourth year in a row, Uruguay recorded growth in purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, which increased by 439% to 7K tons in 2022. In general, imports continue to indicate significant growth. As a result, imports attained 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 $580K in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Free Zones (6.6K tons)
2. Italy (0.2K tons)
3. China (0.2K tons)