Scrap Import Trade Data-November 2018

SEATTLE (Scrap Monster): The data released by the Turkish Iron and Steel Producers’ Association (TCUD) suggests that the country imported around 19 million tons of scrap during the initial eleven months of 2018. This is slightly higher by 0.4% when compared with the imports during the corresponding period a year before.

The primary source of import was the EU region. The EU region supplied 11.5 million tons of scrap to Turkey in Jan-Nov ’18, registering a year-on-year jump of nearly 2.6%. In second place was the U.S., with supplies of around 3.4 million tons. CIS region- the third largest supplier reported 2.7% year-on-year growth in exports to Turkey to total 2.5 million tons.

Thailand imported nearly 1.5 million tons of scrap in Jan-Nov ’18, said Customs data. The imports from the U.S. totaled nearly 440,000 tons, accounting for 29% of the total imports by Thailand. The other key sources of import were Myanmar (180,000 tons), Australia (130,000 tons) and Panama (70,000 tons).

The statistics published by the Japanese Ministry of Finance (MoF) suggests notable decline in scrap imports during November 2018. The imports totaled around 26,500 tons, down by 15.4% over the previous year. Russia-the primary supplier accounted for around 16,000 tons of import during the month.

The combined scrap imports by Japan totaled around 210,000 tons during the first eleven months of 2018, higher by nearly 17% from the previous year. The U.S. emerged as the key supplier with supplies totaling around 86,000 tons, accounting for more than 41% of the total Japanese imports during Jan-Nov ’18.