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

Ferrous scrap exports from South Africa declined by 85pc to 28,244mt in Q1 2021 from 179,366mt in the same prior-year period on subdued exports in January-February that were 99pc lower on an annual basis, according to the country’s Customs data.


Ferrous scrap exports from South Africa decreased by 60pc to 26,966mt in March 2021compared to 66,884mt in the same month last year. However, monthly ferrous scrap exports jumped by 3,190pc from 820mt shipped in February this year. 


In terms of volume, Bangladesh continued to be the largest importer of South African scrap with a 118pc increase at 18,202mt in March 2021 from 8,352mt during the same month last year. The corresponding upward trend showed a 7484pc uptick in monthly shipments to the country in March from 240mt in February.


South Africa’s exports to India fell by 76pc in March 2021 to 8,184mt from 34,615mt during the same prior-year month. However, monthly shipments were up 2026pc from 385mt in February, mirroring the same trend as Bangladesh. Tanzania emerged as the new importer of South African ferrous scrap in March with 496mt worth of ferrous scrap shipments. 


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