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Metal Recycling News December 01, 2017 12:30:46 PM

Asia's Scrap Import Trade Witnessed Mixed Trend

Paul Ploumis
ScrapMonster Author
According to Chinese Customs data, the country imported 148,000 tons of scrap in September this year. The imports witnessed 15.4% decline when compared with September last year.
Asia's Scrap Import Trade Witnessed Mixed Trend

SEATTLE (Scrap Monster): The scrap import trade statistics released by various Asian countries has painted a mixed pattern.

Malaysia’s scrap imports have surged higher significantly by 182% during the month of August this year to total 57,079 tons. The combined imports during the initial eight-month period of the year totaled 361,272 tons, higher by 116% when compared with the corresponding eight-month period in 2016.

The data published by Vietnamese Ministry of Finance suggests that the country’s scrap imports were up by almost 20% in October at around 446,000 tons. The cumulative imports during Jan-Oct ’17 totaled 3.745 million tons, 20.4% higher over the previous year.

As per trade statistics, South Korea imported 513,000 tons of scrap during the month of October this year. The monthly imports were down marginally by 0.4% from the previous year. However, the imports ended marginally higher by 2% year-on-year at 5.01 million tons during the first ten months of 2017.

Thailand’s scrap imports totaled 199,468 tons in September 2017. During the first three quarters of the year, the country imported 1.216 million tons of scrap. The imports during this period were up significantly by nearly 62% over the previous year. The US, the primary supplier exported 341,670 tons, followed by China (228,401 tons) and Australia (99,811 tons).

The data published by the Pakistan Bureau of Statistics suggests 69% surge in scrap imports by the country during October this year. The imports totaled around 383,000 tons and were valued at $121.7 million. The value of imports rose significantly by 89% when compared with the same period last year.

The scrap imports by India edged higher considerably by 23% to total 468,000 tons in August 2017. The country imported 3.735 million tons of scrap during the initial eight-month period of the current year. When matched with Jan-Aug ’16, the imports this year were down by nearly 18%. The US accounted for nearly 15.2% share of Indian imports. The imports from the US totaled 567,000 tons. The other primary exporters of scrap to India were the UAE (457,757 tons) and the UK (409,630 tons).

According to Chinese Customs data, the country imported 148,000 tons of scrap in September this year. The imports witnessed 15.4% decline when compared with September last year. The Chinese imports had totaled 175,000 tons in September 2016. During the first three quarters of 2017, the Chinese scrap imports were up significantly by nearly 14% to total 1.743 million tons. The annualized imports are likely to maintain the previous year levels, said Customs press release.

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