Indonesia: Ferrous scrap imports rise by over 40% m-o-m in May’24

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Indonesia’s ferrous scrap imports stood at 79,051 t in May’24, up by 42% as compared to 55,830 t in Apr’24.
Meanwhile, on a y-o-y basis, imports decreased by 18% compared to 96,901 t in May’23.
During Jan-May 2024, the total scrap import stood at 368,805 t, witnessed a 13% drop y-o-y.
Singapore emerged as the leading exporter at 24,801 t followed by Hong Kong and Australia at 24,242 t and 18,910 t, respectively.

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