Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Luxembourg - 2023

Contents:

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

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Luxembourg (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $238 per ton, rising by 28% against the previous year. In general, the export price, however, showed a pronounced reduction. Over the period under review, the average export prices reached the maximum at $326 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($279 per ton), while the average price for exports to Germany ($185 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 Germany (-2.2%), while the prices for the other major destinations experienced a decline.

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Luxembourg (CIF) - 2023

In September 2023, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $30.2 per ton, which is down by -84.3% against the previous month. In general, the import price recorded a dramatic decline. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 18% against the previous month. The import price peaked at $269 per ton in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($35.0 per ton), while the price for France totaled $18.0 per ton.

From June 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (-38.2%).

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Luxembourg

In 2022, approx. 6.3K tons of ferrous waste and scrap; of tinned iron or steels were exported from Luxembourg; reducing by -32.9% on the year before. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 126% against the previous year. As a result, the exports attained the peak of 9.4K tons, and then fell notably in the following year.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels declined to $1.5M in 2022. Overall, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 119% against the previous year. As a result, the exports attained the peak of $1.7M, and then reduced in the following year.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Luxembourg in 2022:

1. Belgium (4.3K tons)
2. France (1.6K tons)
3. Germany (0.4K tons)

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Luxembourg

In 2022, approx. 21 tons of ferrous waste and scrap; of tinned iron or steels were imported into Luxembourg; increasing by 165% against the previous year. Overall, imports, however, faced a significant contraction.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels reduced markedly to $1.7K in 2022. In general, imports, however, showed a sharp curtailment.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Luxembourg in 2022:

1. Germany (21.5 tons)

Source: IndexBox Market Intelligence Platform