As per data released by Customs, Turkey, India and South Korea are the major importing countries of ferrous scrap with total imports of 15.73 MnT during Jan-Jun’16. H1 2016 imports registered a growth of 13.5% Y-o-Y.
With the trade data released by top 3 importers of ferrous scrap, the trade data for H1 is legible and registered a growth of 13.5% against 13.86 MnT in H1 2015.
Turkey, still the largest importer
With the total imports of 9.16 MnT in H1 2016, Turkey still remained the top importer of ferrous scrap. The nation registered a growth of 8.40% Y-o-Y.
Major exporters to Turkey were USA, Russia, Netherlands, U.K and Belgium, which collectively exported 6.71 MnT during the period.
India registered a growth of 21% Y-o-Y during H1 2016
The nation imported 3.36 MnT, out of which 1.95 MnT were imported by USA, U.K, U.A.E, Australia and Singapore. India reported a rise of 21% against 2.78 MnT imported during H1 2015.
South Korea’s ferrous scrap imports grow by 22% during H1 2016
Japan being the major exporter to South Korea exported 2.01 MnT standalone during H1 2016. Other exporters were Russia (0.56 MnT), USA (0.44 MnT), Puerto Rico (0.03) and Costa Rica (0.02) during the period. With 2.63 MnT being importer during last H1, the nation witnessed a rise of 22%.
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