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
ImportersMay-21Apr-21Change MoMMay-20Change YoY
Bangladesh        48,440       29,912 62%      51,904 -7%
Indonesia        46,656       16,452 184%         6,367 633%
Vietnam        43,839       38,972 12%      41,805 5%
Thailand        34,636       18,891 83%         6,790 410%
Taiwan        25,608       29,996 -15%      20,532 25%
Pakistan        21,259          3,495 508%         6,785 213%
India        20,201       16,217 25%      10,207 98%
Malaysia          5,143          3,087 67%         3,604 43%
China          2,367          1,002 136%               70 3281%
Others          1,514          1,872 -19%         2,140 -29%
Total    2,49,663    1,59,896 56%   1,50,204 66%

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.

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