Sweden – one of the major scrap exporter country among EU-28 has witnessed a significant fall by 22% Y-o-Y in its scrap exports in Q1 2018 as compared with its scrap exports recorded in Q1 2017. As per recent customs data, Sweden exported 283,966 MT ferrous scrap in Q1 2018 as against 366,296 MT ferrous scrap exports during Q1 2017.
The sharp decline in scrap imports from the major importers like United States and Germany could have resulted in fall in Sweden scrap exports in Q1 2018. The demand slowed down amid high prices as compared to last year for Sweden scrap in Q1’18. While amid less clarity on section 232 USA witnessed sharp fall in scrap imports registering 65% Y-o-Y fall in Q1 2017. Notably, exports recorded in Q1 2017 stood highest on quarterly basis in 2017.
In line with this, Sweden’s scrap exports fell by 22% Q-o-Q as against 363,353 MT exports recorded in Q4 2017.
Turkey remained largest scrap importer from Sweden in Q1 2018 – Turkey imported highest 77,294 MT (+12% Y-o-Y) ferrous scrap from Sweden in Q1’18 occupying almost 27% share of total scrap exports. Norway stepped up to second largest importer position surpassing United States. Norway imported 41,229 MT occupying 15% share while US imported 31,948 MT from Sweden. Followed by other prominent importers like Pakistan (29,515 MT), Germany (13,554 MT) and Denmark (17,939 MT).
Sweden witnessed 12% M-o-M fall in scrap exports in Mar’18 – Sweden exported 92,096 MT ferrous scrap in Mar’18 as against 105,055 MT exports recorded in Feb’18. The country witnessed 12% M-o-M fall in Mar’18 while in ferrous scrap exports tumbled 27% Y-o-Y as against 125,940 MT exports in Mar’17.
Turkey topmost importer of scrap in Feb’18 witnessed nil scrap imports in Mar’18 from Sweden. While other major importers like US and Norway witnessed surge in scrap imports from Sweden importing 26,463 MT (+382% M-o-M) and 18,060 MT (+105% M-o-M) scrap respectively in Mar’18. Followed by other prominent importers like Pakistan (10,190 MT), Denmark (4,908 MT) and Germany (4,349 MT).
According to World Steel Association, Sweden’s crude steel production stood nearly stable in Q1 2018. As against 1.66 MnT steel produced during Q1 2017, crude steel production in Sweden remained at 1.63 MnT in Q1 2018.
Country-wise Sweden ferrous scrap exports –
| Country | Q1 2018 | Q1 2017 | % Y-o-Y Change | Q4 2017 | % Q-o-Q Change | Mar’18 | Feb’18 | % M-o-M Change |
| Turkey | 77,294 | 69,150 | 11.78% | 127,089 | -39.18% | 50,038 | -100.00% | |
| United States | 31,948 | 92,237 | -65.36% | 27,007 | 18.30% | 26,463 | 5,485 | 382.46% |
| Norway | 41,229 | 35,933 | 14.74% | 34,347 | 20.04% | 18,060 | 8,783 | 105.62% |
| Germany | 13,554 | 29,450 | -53.98% | 21,424 | -36.73% | 4,349 | 4,634 | -6.15% |
| Pakistan | 29,515 | 25,000 | 18.06% | 25,770 | 14.53% | 10,190 | 8,223 | 23.92% |
| Denmark | 17,939 | 20,637 | -13.07% | 22,509 | -20.30% | 4,908 | 2,862 | 71.49% |
| Others | 72,487 | 93,889 | -22.80% | 105,207 | -31.10% | 28,126 | 25,030 | 12.37% |
| Total | 283,966 | 366,296 | -22.48% | 363,353 | -21.85% | 92,096 | 105,055 | -12.34% |
Quantity in MT,
Source: SteelMint Stats
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