Thailand increases imports , the US increases exports

The recent trade statistics released by the Thai Customs Department suggests significant jump in ferrous scrap imports by Thailand during the month of April this year. The imports during the month were up by over 97% over the imports during the corresponding month a year before. The ferrous scrap supply from the US and Australia reported notable increase during the month.

According to Customs data, the totaled 108,019 metric tons in April this year. When matched with the previous month, the imports were up by 54.4%. Thailand’s ferrous scrap imports had totaled only 69,972 metric tons (mt) in March 2017. When matched with the same month a year before, the imports during the month were up by almost 97.3%. It must be noted that the country’s imports had totaled only around 55,000 metric tons in April 2016.

The key scrap supplier to Thailand during April this year was the US. The imports from the US totaled 72,515 metric tons, accounting for 67% of total imports by Thailand. The scrap imports from the US jumped mutifold from just under 1,800 mt in March this year. The second largest exporter of scrap to the country in April was Australia with 5,978 mt. The imports from Australia jumped higher by 103% upon comparison with the imports during March 2017. In third place was Dominican Republic with 3,036 mt. The other key exporters in April this year were Panama (1,831 mt), Philippines (1,711 mt), Trinidad & Tobago (1,672 mt) and the UK (1,355 mt).

For this reason the US ferrous scrap exports gain almost 28%

With the exception of South Korea and India, all major overseas buyers of US ferrous scrap upped their orders in the opening four months of 2017.

As a result, America’s exports to all destinations climbed 27.7% year on year from 3.113 million tonnes in the first four months of 2016 to 3.974 million tonnes by the same stage of 2017.

Turkey continued to lead the way, purchasing 857 499 tonnes in the January-April period for a year-on-year increase of 3.1%.

However, this gain was eclipsed by the surges in shipments to Mexico (+82.1% year on year to 542 774 tonnes), Taiwan (+55.2% to 485 329 tonnes), China (+381.4% to 309 407 tonnes), Vietnam (+1087.4% to 278 776 tonnes) and Canada (+147% to 222 320 tonnes).

Higher volumes were also dispatched from the USA to Thailand (+32.6% to 175 401 tonnes), Peru (+24.2% to 158 059 tonnes) and Bangladesh (+56.8% to 122 585 tonnes).

Also in this year’s January-April period, US ferrous scrap shipments to South Korea tumbled 38.6% to 202 509 tonnes while India’s purchases were slashed by 73.6% to 122 993 tonnes.

http://www.recyclinginternational.com/recycling-news/10597/ferrous-metals/global/us-ferrous-scrap-exports-gain-almost-28

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