Scrap Monster
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Vulcan
Metal Recycling News February 02, 2015 10:30:48 AM

Ferrous scrap imports by Taiwan surged 17% in Nov '14

Paul Ploumis
ScrapMonster Author
According to latest trade data released by the Taiwan Directorate General of Customs, the country's total ferrous scrap imports during November 2014 jumped higher by 16.78%

Ferrous scrap imports by Taiwan surged 17% in Nov '14

BEIJING (Scrap Monster) : According to latest trade data released by the Taiwan Directorate General of Customs, the country’s total ferrous scrap imports during November 2014 jumped higher by 16.78% when compared with the imports during the month before it. The ferrous scrap imports by the country totaled 387,436 tons during Nov ’14. The imports have managed to hold above 300,000 tons for third month in a row.

The US was the largest exporter of ferrous scrap to Taiwan during the month. The country’s imports from the US totaled 158,705 tons, accounting for over 40% of the total imports by Taiwan during the month. The ferrous scrap imports from the US grew by nearly 4.29% from 152,170 tons imported during Oct ‘14.

The second largest exporter was Japan. The exports from Japan to Taiwan totaled 86,801 tons. The imports from Japan accounted for nearly 22% of the total imports by Taiwan during November last year. In third place was Hong Kong with 39,337 tons.

The other main exporters of ferrous scrap to Taiwan during Nov ‘14 were: Russia (31,804 tons), Chile (9,703 tons) and Canada (8,248 tons).

The cumulative scrap imports by Taiwan during the initial eleven-month period of 2014 totaled 3.897 million tons. The scrap imports during this period dropped by 5.1% when matched with the imports during the corresponding eleven-month period in 2013. The country’s scrap imports during January to November in 2013 had totaled 4.105 million tons. The key import sources during the period were the US (2,103,098 tons with 54% share), Japan (462,796 tons with 11.9% share) and Hong Kong (230,550 tons with 5.9% share).

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