As per recent customs data released, South African scrap exports have observed stability since Sept’18. The country exported 37,215 MT ferrous scrap in Oct’18, marginally up 2% M-o-M against 37,215 MT in Oct’18. On yearly premises, the country witnessed considerable fall of 20% in scrap exports as against 47,965 MT ferrous scrap recorded in Nov’17.
India remained the largest importer of South African ferrous scrap – India imported 20,721 MT ferrous scrap in Nov’18 occupying highest 54% share. Indian scrap imports drop 9% M-o-M as against 22,796 MT ferrous scrap in Nov’18. Pakistan observed considerable growth of 24% M-o-M importing 8,151 MT ferrous scrap followed by Bangladesh (6,971 MT, up 43% M-o-M) and Kenya (1,074 MT, up 10% M-o-M) in Nov’18.
Although Indian scrap imports dropped marginally, rising purchases from Pakistan and Bangladesh held South Korean exports stable in November on a monthly basis.
Top three importers India, Pakistan and Bangladesh occupied 54%, 21% and 18% share individually comprising a total 93% share of ferrous scrap exports from South Africa in Nov’18.
Port-wise – Durban port remained the top port for scrap export activities again in Nov’18. The scrap exports made from Durban port recorded at 24,554 MT occupying 64% share followed by other prominent ports like Pretoria (6,043 MT), Johannesburg (5,568 MT) and Port Elizabeth (1,762 MT) occupying 16%, 15% and 5% share respectively.
South African offers for containerized HMS 1&2 scrap showed a marginal correction in Nov’18. Average export price recorded at USD 335/MT, CFR Nhava Sheva in Nov’18 as against USD 340/MT, CFR levels in Oct’18.
Scrap exports stable; Pig Iron exports rise 25% Y-o-Y in Jan-Nov’18 – South Africa exported 432,167 MT ferrous scrap during Jan-Nov’18, almost stable as against 425,098 MT during the same period last year. On a yearly basis, Indian scrap imports surged by 59% from South Africa while Pakistan and Bangladesh have observed a drop of 26% and 10% Y-o-Y in CY18.
On the other hand, Pig Iron exports recorded at 565,172 MT in Jan-Nov’18, up 25% Y-o-Y. India remained the third largest importer of South African pig iron and imported 53,321 MT during Jan-Nov’18.
According to the data released by World Steel Association, crude steel production in South Africa lowered to 0.528 MnT in Nov’18 as against 0.548 MnT in Oct’18. During Jan-Nov’18, South Africa produced 5.90 MnT crude steel as against 5.80 MnT in Jan-Nov’17.
Country-wise South Africa ferrous scrap exports –
| Country | Nov’18 | Oct’18 | % M-o-M Change | Nov’17 | % Y-o-Y Change | Jan-Nov’18 | Jan-Nov’17 | % Y-o-Y Change |
| India | 20,721 | 22,796 | -9.10% | 9,482 | 118.53% | 214,382 | 134,439 | 59.46% |
| Pakistan | 8,151 | 6,598 | 23.54% | 15,814 | -48.46% | 113,584 | 153,124 | -25.82% |
| Bangladesh | 6,971 | 4,890 | 42.56% | 16,749 | -58.38% | 67,548 | 75,218 | -10.20% |
| Indonesia | 985 | 899 | 9.57% | 0 | _ | 13,998 | 12,983 | 7.82% |
| Others | 1,430 | 2,032 | -29.63% | 5,920 | -75.84% | 22,655 | 49,333 | -54.08% |
| Total | 38,258 | 37,215 | 2.80% | 47,965 | -20.24% | 432,167 | 425,097 | 1.66% |
Quantity in MnT,
Source: SteelMint Stats
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