Scrap Import/Export Trade by Various Countries in February

SEATTLE (Scrap Monster): Here’s a summary of scrap trade by major countries during the month of February this year, with reference to data published by respective government agencies.

According to Turkish Statistical Institute (TUIK), the country imported nearly 945,000 tons of scrap in Feb ‘19, falling sharply by 49% when compared with the year-ago month. The Turkish scrap imports hit a nine-year low in February. The key exporter was the U.S. with total supplies of around 185,000 tons. The other major suppliers were the Netherlands (110,000 tons) and Russia (108,000 tons).

Pakistan’s scrap imports dropped significantly by over 35% to total around 271,000 tons in Feb ‘19, as per recent data published by the Pakistan Federal Bureau of Statistics (PFBS). The imports were valued at around $104 million.

Meantime, South Korean scrap imports hit the highest level in 12 months. The Feb ’19 imports totaled around 650,000 tons.

The scrap exports by Brazil totaled 27,000 tons, notably down by 16% over the previous year. The largest export destination of Brazilian scrap was Bangladesh, which recorded receipts of 11,000 tons. The exports to India stood around 9,000 tons. Brazil’s scrap imports have surged higher by over 50% to total 1,900 tons during the month.

The latest statistics published by the Taiwanese Customs suggest that the country’s scrap imports hit a 5-year low at around 140,000 tons in February 2019. The U.S was the largest supplier, with supplies totaling around 63,000 tons, followed by Japan (18,700 tons) and Hong Kong (11,600 tons).