UK Ferrous Scrap Exports to Overseas Countries Dipped Marginally

SEATTLE (Scrap Monster): The official trade data published by the UK authorities suggests marginal decline in the country’s ferrous scrap exports during the month of September this year, in line with the global slowdown in ferrous scrap trade flows. The UK exported 682,711 tonnes of ferrous scrap in Sep ’19, down by 0.9% from the same month a year before. Meantime, the Jan-Sep ’19 scrap exports totalled 6.08 million tonnes, falling by almost 7% from the corresponding nine-month period last year.

The largest export destination in September this year was Turkey. The UK scrap shipments to that country recorded nearly 15% decline over the previous year to 186,161 tonnes. The Jan-Sep ’19 shipments dropped sharply by more than 25% to 1.59 million tonnes.

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The other countries to report sharp decline in ferrous scrap imports from the UK were Spain and Indonesia. The exports to Spain fell by almost one-fourth to 42,922 tonnes. The cumulative exports till September this year were down by over 5% at 587,687 tonnes. The exports to Indonesia fell by 28.8% in September to 35,408 tonnes. Meantime, exports to India dipped sharply by 66.5%.

On the other hand, Egypt saw its imports from the UK rise sharply by 133% year-on-year in September to 133,300 tonnes. The exports to Bangladesh continued to exhibit strong trend, climbing higher by 56.3% in September to 73,028 tonnes. The UK scrap exports to Pakistan rose 26.2% during the month.