NEWS
IRON and STEEL   Scrap & Recycling  

South African Ferrous Scrap Exports Down 12% in August

South Africa, one of the leading scrap exporters observed fall in its ferrous scrap exports in Aug’18 on monthly basis against exports recorded in Jul’18. As per recent customs data, the country exported 39,370 MT ferrous scrap in Aug’18, down 12% M-o-M as against exports recorded at 44,947 MT ferrous scrap in Jul’18.

On yearly premises, the country witnessed sharp rise of 45% Y-o-Y in its scrap exports in Aug'18 as against 27,120 MT in Aug’17.

Port wise – In Aug’18, the majority of the scrap exports made from South Africa have been done through major ports like Durban (49%), Johannesburg (26%), Pretoria (10%), Port Elizabeth (8%) and Cape Town (6%).

India remained the largest importer of South African ferrous scrap - India witnessed considerable increase in its scrap imports from South Africa in August. India imported 20,734 MT, up 33% M-o-M as against 15,535 MT in Jul'18. While other prominent importers like Bangladesh (9,007 MT, down 30% M-o-M) and Pakistan (4,095 MT, down 70% M-o-M) have witnessed falling scrap imports on slowdown in purchasing amid religious holidays in Aug-Sept’18. Indonesia recorded 28% M-o-M rise in scrap imports in Aug’18 from South Africa.

Top three importers India, Bangladesh and Pakistan occupied 53%, 23% and 10% share individually comprising total 86% share of ferrous scrap exports from South Africa in Aug’18.

South African scrap exports edged up Y-o-Y during Jan-Aug’18 - South Africa exported 320,240 MT ferrous scrap during Jan-Aug’18, up 3% Y-o-Y as against 310,319 MT scrap imports recorded during the first eight months of last year.

India imported highest 149,240 MT ferrous scrap in Jan-Aug’18, up 37% Y-o-Y as against 108,785 MT in Jan-Jul’17. Pakistan imported 93,636 MT, down 23%Y-o-Y while Bangladesh witnessed a sharp growth of 88% Y-o-Y in scrap imports from South Africa amid increasing scrap consumption in the country.

According to the data released by World Steel Association, crude steel production in South Africa slipped marginally at 0.528 MnT in August as against 0.535 MnT Jul’18. While it recorded at 4.26 MnT during Jan-Aug’18 as against 4.12 MnT during Jan-Aug’17.

 

News No: 2431
Date: 2018/10/13 - 19:03
News Source: SteelMint

South African  Ferrous Scrap  Port Elizabeth  World Steel Association  crude steel 

Comments:

Leave a Comment:

   
   
   
 

Vietnam’s Steel Imports Fall, Exports Surge in 2018

Vietnam’s steel import-export numbers are out and according to country’s customs data, Vietnam’s steel imports have registered a fall of 9.6% y-o-y basis in 2018 and is recorded at 13.6 MnT whereas in terms of value the same has increased by 9% in 2018 against previous year and is recorded at USD 9.9 billion.
 

South Africa Pig Iron Exports Rise in November

South Africa pig iron exports surge by around 12,500 MT (19.69%) M-o-M & 24,500 MT (48.34%) Y-o-Y in Nov’18 & recorded three month high, according to the customs.
 

South Africa: Ferrous Scrap Exports Stable in Nov'18

As per recent customs data released, South African scrap exports have observed stability since Sept'18. The country exported 37,215 MT ferrous scrap in Oct’18, marginally up 2% M-o-M against 37,215 MT in Oct’18.
 

Turkey: Ferrous Scrap Imports Fall 12% in Nov'18

US scrap exports drop 40% while that from Russia decline 61% M-o-M in Nov’18
 

Japan Billet Exports Fall 14% in November

Japan - world's one of the largest steel producer has reported decline in Billet exports by 14% Y-o-Y in Nov'18. However on M-o-M basis, it is almost stable, as per recent released custom data.
 

Sweden: Ferrous Scrap Exports to Turkey Hit 6 Year High in Oct'18

Turkish scrap imports jump 9 folds while US imports remained nil in Oct’18 from Sweden
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners