Taiwan’s ferrous scrap imports dropped to 240,881mt in July, down by 31pc from a year ago, amid weak domestic steel demand due to the summer lull. Imported increased by 3pc from June.

 

The US was the top exporter of scrap to Taiwan and accounted for nearly half of the exports at 111,690mt. Export from the Caribbean nation of Dominican Republic ranked second with exports of 22,434mt, followed by Japan 17,599mt, Australia 16,085 and Venezuela 11,287mt.

 

A resurgence of COVID-19 infections and a series of power outages for industrial users have dampened the buying appetite of Taiwanese steel mills. 

Taiwan import ferrous scrap July 2021
ExportersJul-21Jun-21Change MoMJul-20Change YoY
US  1,11,690   1,05,820 6%  1,53,280 -27%
Dominican Rep.     22,434         5,053 344%        4,978 351%
Japan     17,599      44,369 -60%  1,01,825 -83%
Australia     16,085      23,084 -30%     27,634 -42%
Venezuela     11,287         4,452 154%        1,096 930%
Canada     10,554         9,612 10%     16,290 -35%
Hong Kong        5,359         6,322 -15%        2,890 85%
Puerto Rico        4,990         1,578 216%           344 1351%
Panama        4,801            856 461%              64 7402%
Others     36,082      33,672 7%     39,638 -9%
Total  2,40,881   2,34,818 3%  3,48,039 -31%

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