Indonesia’s ferrous scrap imports were at 80,975mt in March, down by 41pc from a year ago and by 7pc from the prior month, according to customs data. Shortage of empty containers, vessel delays hampered scrap trade in Q1 with imports decreasing to 278,262mt, down by 12pc from the prior year. 

 

In March, Asia-based suppliers from Hong Kong and Singapore were the top exporters of ferrous scrap to Indonesia shipping  23,791mt, up by 28pc from a year ago and 19,380mt, down by 7pc from a year ago, respectively. Container shortage, vessel delays forced importers to buy scrap from short transit destination, which increased imports from Hong Kong, Singapore, Australia and Japan. The steepest increase in import volume was from Japan with shipments of 11,434mt, up from 860mt in February. 

 

Imports from the US fell by 87pc from February to 1,033mt, down by 91pc from a year ago.

 

Indonesia’s ferrous scrap imports in March
Unit: mtMar-21Feb-21Change MoMMar-20Change YoY
Hong Kong     23,791      20,567 16%      18,626 28%
Singapore     19,380      30,058 -36%      20,767 -7%
Australia     15,739         7,860 100%      21,370 -26%
Japan     11,434            860 1230%         6,197 85%
New Zealand        3,130 100%         2,778 13%
Malaysia        2,960         9,052 -67%         4,232 -30%
Thailand        2,554         2,901 -12%         1,986 29%
United States        1,033         7,839 -87%      12,062 -91%
Korea           521            370 41%         3,331 -84%
Others           434         7,881 -94%      46,074 -99%
Total     80,975      87,387 -7%   1,37,422 -41%

 

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