Ferrous scrap exports from Australia rose to 249,663mt in May, up by 66pc from a year ago. Bangladesh became the top market for Australian scrap amid competitive offers, container shortages and vessel delays in the US/UK sea routes.
The second and third largest scrap importers from Australia were Indonesia and Vietnam, with May exports to Indonesia at 46,656mat, up by184pc from April, and up 633pc from a year ago. Vietnam also bought a significant volume of 46,656mt, up 12pc from April.
|Australian ferrous scrap exports in May|
|Importers||May-21||Apr-21||Change MoM||May-20||Change YoY|
Other subcontinental markets, Pakistan and India, also saw a rise in imports from Australia, with imports of 21,259mt and 20,201mt up by 508pc and 25pc, respectively, from May.
Export of scrap from Australia to China also increased, albeit at a lower volume of 2,367, but more than double from the prior month.