Indonesia: Ferrous scrap imports drop over 15% m-o-m in Jan’24

  • Indonesia’s ferrous scrap imports stood at 98,937 t in Jan’24, down by 15.6% m-o-m compared to 117,245 t in Jan’23.
  • Hong Kong continued to be the largest exporter at 27,994 t followed by Australia and Japan at 24,812 t and 22,431 t, respectively.
  • However, on a y-o-y basis, imports increased by 21% compared to 81,822 t in Jan’23.