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: mt||Mar-21||Feb-21||Change MoM||Mar-20||Change YoY|