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Metal Recycling News May 14, 2019 10:30:22 AM

World Scrap Trade Revealed Mixed Trend in March This Year

Paul Ploumis
ScrapMonster Author
Thailand’s scrap imports have dropped sharply by more than 67% year-on-year to total around 45,000 tons.
World Scrap Trade Revealed Mixed Trend in March This Year

SEATTLE (Scrap Monster): The monthly trade data published by various countries indicate mixed trend in scrap imports and exports during March ’19.

According to official government data, South Korean scrap exports declined significantly by nearly 26% over the previous year. The exports by the country totaled around 24,000 tons in March this year. The scrap exports by South Korea have recorded tenth straight month of decline. The combined exports during Jan-Mar ’19 totaled around 58,000 tons, down by almost 42% year-on-year. The largest destination of exports was India, which imported nearly 19,000 tons of scrap from South Korea.

Thailand’s scrap imports have dropped sharply by more than 67% year-on-year to total around 45,000 tons. The exports totaled 230,000 tons during the first three months of the current year, dropping significantly by 48% from the previous year. The largest import source was Panama, whose supplies totaled 31,000 tons, accounting for 13.7% of the total volume of scrap imported by Thailand.

Turkish scrap imports were down by 6.9% year-on-year to 1.7 million tons. The imports were valued at nearly $530 million. The country imported 3.9 million tons of scrap during Jan-Mar ’19. The largest supplier was the U.S. The supplies from that country witnessed 26% decline to total around 735,000 tons.

Meantime, Pakistan’s scrap imports have increased marginally by 4.5% year-on-year to total around 284,000 tons in March ’19. Taiwan’s scrap imports more than doubled to 282,000 tons in March.

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