Global Scrap Trade a Mixed Bag at the Start of 2020

SEATTLE (Scrap Monster): The scrap trade data published by various countries points to mixed trend in the beginning of the New Year.

The scrap imports by Turkey totalled around 1.7 million tons in January this year. This is significantly higher by almost 37% when compared with the same month a year before. However, the imports dropped by nearly 17% from the prior month. The largest supplier was the U.S, with supplies of 315,000 tons. The other key sources of import were the Netherlands (242,000 tons) and Belgium (178,000 tons). The imports from the U.S. surged higher by over 47% year-on-year.

Thailand’s steel scrap imports increased 40% over the previous year to total around 140,000 tons. The import volumes surged more than 27% month-on-month. The stainless steel scrap imports by the country registered sharp fall by approximately 24% over the prior month to 19,600 tons. The imports recorded fourth consecutive month of decline in January 2020, indicated government statistics.

Meantime, the Brazilian Ministry of Economy reported that the country exported nearly 50,000 tons of scrap in the opening month of 2020, which is higher by more than 3 times from the previous year. Over the prior month, the exports recorded 22% decline.

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