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Metal Recycling News March 01, 2018 01:30:07 PM

Scrap Imports by Malaysia Skyrocketed 200%

Paul Ploumis
ScrapMonster Author
Of the total, Australia supplied the largest quantity of 197,955 tons, constituting 27.2% share of the total Malaysian imports. The imports from Australia increased significantly when compared with the imports of 37,248 tons during Jan-Nov ’16.
Scrap Imports by Malaysia Skyrocketed 200%

SEATTLE (Scrap Monster): The Malaysian Department of Statistics data suggests dramatic rise in scrap import volumes by the country during the first eleven months of 2017. The combined imports during this period totaled 727,620 tons, significantly higher by 206% when matched with the imports of 237,764 tons in Jan-Nov ’16.

Of the total, Australia supplied the largest quantity of 197,955 tons, constituting 27.2% share of the total Malaysian imports. The imports from Australia increased significantly when compared with the imports of 37,248 tons during Jan-Nov ’16. China, the second largest scrap supplier to Malaysia, shipped 149,539 tons of scrap to the country. The imports from China grew exponentially when compared with the previous year. The imports from China had totaled only negligible quantity in Jan-Nov ’16. The imports from the US rose sharply by 185% from 49,426 tons to 140,847 tons. The above three countries supplied more than 67% of the total Malaysian imports during the first eleven-month period in 2017. The other key scrap suppliers were Singapore (116,910 tons), Japan (21,688 tons) and the UK (11,691 tons).

ALSO READ: Asian Scrap Imports on the Rise in 2017, Exports Witness Rapid Decline

Meantime, the monthly imports during the month of November 2017 alone reported slight decline over the prior month. The Nov ’17 imports totaled 117,931 tons, as against the imports of 120,734 tons in October last year.

The largest scrap supplier to Malaysia during November last year was the US. The imports from the US totaled 47,024 tons, considerably higher over 40,300 tons in Oct ’17. In second place was China with supplies of 41,199 tons. The Chinese scrap exports to Malaysia declined over the previous month. The Australian supplies totaled 9,943 tons in Nov ’17, nearly double the supplies of 5,182 tons in Oct ’17. The other primary suppliers included Singapore (8,219 tons), Japan (2,745 tons) and Hong Kong (1,832 tons).

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