Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Korea - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Korea (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Korea (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Korea
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Korea
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Korea (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $1,605 per ton in December 2022, with an increase of 62% against the previous month. In general, export price indicated a resilient expansion from December 2021 to December 2022: its price increased at an average monthly rate of +5.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, export price for ferrous waste and scrap; of alloy steel (excluding stainless)s increased by +62.1% against November 2022 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($7,053 per ton), while the average price for exports to Malaysia ($464 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.3%), 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 South Korea (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $415 per ton, increasing by 67% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $419 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($654 per ton), while the price for the United Arab Emirates ($122 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+9.7%), 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 South Korea
In 2022, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from South Korea soared to 51K tons, picking up by 23% against the year before. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 87%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s skyrocketed to $56M in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 116%. Over the period under review, the exports of attained the maximum 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 South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.7 | 7.8 | 15.7 | 37.7 | 63.0% |
| Japan | 2.4 | 2.2 | 5.6 | 7.7 | 47.5% |
| Taiwan (Chinese) | 2.2 | 3.0 | 6.9 | 6.2 | 41.3% |
| India | 2.8 | 0.9 | 1.4 | 1.6 | -17.0% |
| Thailand | 0.1 | N/A | 0.6 | 0.9 | 108.0% |
| Malaysia | 0.6 | 0.9 | 1.2 | 0.8 | 10.1% |
| Hong Kong SAR | 0.2 | N/A | 0.1 | 0.3 | 14.5% |
| Others | 0.4 | N/A | 0.5 | 1.0 | 35.7% |
| Total | 17.4 | 14.8 | 32.0 | 56.1 | 47.7% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from South Korea in 2022:
- China (37.4K tons)
- Taiwan (Chinese) (5.8K tons)
- India (2.2K tons)
- Malaysia (2.2K tons)
- Japan (1.2K tons)
- Thailand (1.1K tons)
- Hong Kong SAR (0.8K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Korea
After two years of decline, supplies from abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s increased by 85% to 93K tons in 2022. In general, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s soared to $38M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.0 | 4.4 | 4.7 | 28.6 | 59.9% |
| United States | 0.6 | 2.2 | 2.1 | 1.5 | 35.7% |
| Guatemala | N/A | N/A | 0.4 | 1.4 | 250.0% |
| Thailand | 0.5 | 1.0 | 0.7 | 1.3 | 37.5% |
| Taiwan (Chinese) | 0.5 | 0.4 | 1.2 | 1.1 | 30.1% |
| Canada | N/A | N/A | 0.3 | 0.8 | 166.7% |
| Australia | 1.2 | 1.3 | 0.6 | 0.8 | -12.6% |
| Israel | 0.8 | 0.5 | 0.2 | 0.3 | -27.9% |
| Philippines | 0.7 | 0.1 | 0.6 | 0.3 | -24.6% |
| Italy | 1.4 | 0.4 | N/A | 0.2 | -47.7% |
| Sweden | 0.4 | 0.6 | 0.1 | 0.2 | -20.6% |
| Malaysia | N/A | 0.6 | 0.2 | 0.1 | -59.2% |
| Others | 1.8 | 2.1 | 1.4 | 1.9 | 1.8% |
| Total | 14.9 | 13.7 | 12.6 | 38.5 | 37.2% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to South Korea in 2022:
- Japan (60.1K tons)
- United States (8.9K tons)
- Australia (5.5K tons)
- Guatemala (4.1K tons)
- Canada (2.6K tons)
- Thailand (1.9K tons)
- Taiwan (Chinese) (1.8K tons)
- Sweden (1.8K tons)
- Israel (1.2K tons)
- Italy (1.2K tons)
- Philippines (0.8K tons)
- Malaysia (0.3K tons)
432
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Republic of Korea.
693
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
432
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Republic of Korea.
693
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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