Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan (FOB) - 2024
In November 2023, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $733 per ton, with an increase of 32% against the previous month. In general, export price indicated a moderate increase from February 2023 to November 2023: its price increased at an average monthly rate of +4.1% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -14.3% against September 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 52% against the previous month. As a result, the export price reached the peak level of $1,040 per ton. From June 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Taiwan (Chinese) ($1,235 per ton), while the average price for exports to India ($458 per ton) was amongst the lowest.
From February 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $5,299 per ton in 2022, rising by 4.4% against the previous year. Overall, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2014 an increase of 135% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($9,026 per ton), while the price for Thailand ($844 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan
For the fourth year in a row, Japan recorded growth in shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s, which increased by 12% to 477K tons in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 289%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s rose modestly to $234M in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 158% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.1 | 38.6 | 104 | 99.9 | 189.9% |
| China | 8.0 | 7.0 | 25.0 | 51.5 | 86.0% |
| Taiwan (Chinese) | 10.1 | 13.0 | 26.5 | 50.7 | 71.2% |
| Vietnam | 5.4 | 20.9 | 43.8 | 12.5 | 32.3% |
| Malaysia | 4.5 | 13.6 | 13.3 | 9.2 | 26.9% |
| Thailand | 3.3 | 2.6 | 6.4 | 5.2 | 16.4% |
| Others | 4.9 | 8.2 | 5.5 | 5.5 | 3.9% |
| Total | 40.3 | 104 | 224 | 234 | 79.7% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Japan in 2022:
- South Korea (219.5K tons)
- Taiwan (Chinese) (134.6K tons)
- China (71.1K tons)
- Vietnam (30.5K tons)
- Malaysia (12.0K tons)
- Thailand (6.6K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s imported into Japan soared to 14K tons, jumping by 40% compared with the previous year. Over the period under review, imports, however, showed a mild shrinkage.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $75M in 2022. In general, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 19.5 | 14.2 | 15.7 | 24.8 | 8.3% |
| Philippines | 6.3 | 4.7 | 9.4 | 10.7 | 19.3% |
| United States | 4.5 | 2.4 | 3.9 | 7.0 | 15.9% |
| Taiwan (Chinese) | 3.1 | 1.8 | 4.7 | 5.7 | 22.5% |
| Malaysia | 4.1 | 1.8 | 2.5 | 4.3 | 1.6% |
| Czech Republic | 2.8 | 2.4 | 3.2 | 3.7 | 9.7% |
| Thailand | 1.6 | 1.2 | 1.8 | 3.3 | 27.3% |
| Others | 10.4 | 6.0 | 8.1 | 15.4 | 14.0% |
| Total | 52.5 | 34.5 | 49.4 | 74.9 | 12.6% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Japan in 2022:
- Thailand (3.9K tons)
- South Korea (3.4K tons)
- Philippines (1.2K tons)
- Taiwan (Chinese) (0.9K tons)
- United States (0.8K tons)
- Czech Republic (0.7K tons)
- Malaysia (0.7K tons)
417
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Japan.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
417
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Japan.
693
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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