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

Contents:

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

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

In September 2023, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $576 per ton, surging by 47% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was India ($750 per ton), while the average price for exports to Austria ($300 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+1.5%), while the prices for the other major destinations experienced a decline.

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

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $340 per ton in September 2023, leveling off at the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 9.6% month-to-month. The import price peaked at $435 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Austria ($379 per ton), while the price for Germany ($307 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (-0.6%), 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 Switzerland

Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Switzerland fell to 697K tons in 2022, dropping by -14.5% on the previous year's figure. Over the period under review, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 8.8% against the previous year. As a result, the exports reached the peak of 815K tons, and then fell in the following year.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted to $358M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 74%. As a result, the exports attained the peak of $414M, and then dropped in the following year.

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

1. Germany (274.8K tons)
2. Italy (206.5K tons)
3. Belgium (66.3K tons)
4. Austria (54.9K tons)
5. France (40.8K tons)
6. Netherlands (35.0K tons)

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, when their volume decreased by -15.8% to 467K tons. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted to $214M in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 92%. As a result, imports attained the peak of $244M, and then fell in the following year.

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

1. Germany (277.2K tons)
2. France (125.0K tons)
3. Austria (63.9K tons)