Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Indonesia imported 87,387mt of ferrous scrap in February, up 6pc from 82,246mt imported in the same month last year, according to the country’s customs data. Still, total scrap imports fell 20pc from 109,000mt imported in the previous month.


Imports in the first two months of the year also primarily rose due to the high volumes shipped into the country in January. During this period, the country received 197,287mt of ferrous scrap compared to 179,984mt in the same two months in 2020.


Most of the country’s ferrous imports were brought in from neighboring Asian nations, with the largest volume coming in from Singapore at 30,058mt, up 41pc from 21,352mt shipped in February last year. 


Hong Kong’s ferrous scrap shipments to Indonesia grew by 2pc to 20,567mt in February from 20,143mt during the same month last year. Meanwhile, Malaysia’s shipments grew by 108pc to 9,052mt and shipments from Australia to Indonesia fell by 27pc to 7,860mt in the same time frame.


Indonesia’s scrap imports from the US more than quadrupled in February to 7,839mt from 1,456mt last year while shipments from the UK rose 244pc to 5,070mt from1,474mt in the same period.

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