South Korea’s aluminium, copper and stainless steel scrap imports rose by 4.7pc, 9.4pc and 30.7pc, respectively, in March 2020 from a year ago, unaffected by the spread of COVID-19. The country’s ferrous scrap imports, however, fell by 22.4pc as South Korean mills reduced purchases of bulk US cargoes, on weak demand in the domestic construction sector and stocked up inventories. 

South Korea scrap importsMarch 2020March 2019% change
Aluminium scrap76,55673,1344.7
Major exporters   
US23,72921,50210.4
Japan10,1478,66917
Thailand6,5077,752-16
Copper scrap32,29229,5279.4
Major exporters   
US8,3146,03837.7
Japan2,0042,038-1.7
Saudi Arabia1,8722,032-7.9
Stainless Steel scrap27,15920,77530.7
Major exporters   
Japan13,30611,06420.3
Thailand6,3356,1782.6
US3,041331818.8
Ferrous scrap491,150632,633-22.4
Major exporters   
Japan330,293279,03718.4
Russia62,25444,94538.5
US54,677243,928-77.6

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