Ferrous scrap exports from the United Kingdom rose by 8.77pc to 2.76mn mt in the first four months of 2021 when compared to 2.53mn mt in the same period last year, according to the country’s Customs data.
In April, exports rose by 6pc to 671,045mt from 635,881mt in the same month of the previous year and decreased by 16pc from 802,875mt in March.
Egypt replaced Turkey as the largest ferrous scrap importer from the UK with cargoes to the North African country increasing by 2pc to 164,258mt in April from 160,998 in the same month of the prior year. Imports by Turkey, however, decreased by 35pc to 159,152mt from 243,777mt during the same period.
Bangladesh recorded the highest growth in ferrous scrap import volumes from the UK with a 688pc increase to 62,969mt in April 2020 from 7,992 in April last year.
The country’s lowest exports of ferrous scrap were to Portugal at 23,315mt in April, despite a 125pc increase compared to the same month of 2020.