Global Scrap Trade Down, Q1'17

The top five exporters collectively exported around 6.6 MnT of Ferrous Scrap in Q1'17, registered a decrease of 15% against around 7.9 MnT exported in Q4'16 & 4 % increase If Q1'17 exports were compared to Q1'16.
On similar lines import of ferrous scrap by top five importers was recorded as 8.38 MnT in Q1'17, registered a decrease of 3% against 8.64 MnT in Q4'16. The importers imported around 8.44 MnT in Q1'16 which resulted to 1% decrease in Q1'17 imports.

Major Exporters of Ferrous Scrap in Q1'17

• USA one of the largest exporter of ferrous scrap, exported 3 MnT in the first quarter of 2017, noticing a decrease of 12 % as the country exported 3.4 MnT in the fourth quarter of 2016. Q1'17 and Q1 16 if compared, USA saw an increase of 26%.
  
  
• Japan exported 2 MnT ferrous scrap in Q1'17. Exports went up in Q1'17 by 5% as the country exported 1.95 MnT in Q4'16. And Japan exports decrease by 3%, Y-o-Y as the country exported 2.1 MnT in Q1 last year.
  
  
• Russia, another major ferrous scrap exporter exported 0.65 MnT in Q1, showing a decrease of 57% as the country exported 1.4 MnT in Q4'16. 1 MnT of ferrous scrap was exported in Q1'16 which dropped down by 37% in Q1'17.
  
  
• Canada exports were down by 16% in Q1'17 in comparison to Q4'16 as 0.81 MnT was exported in Q1'17 and 0.96 MnT was exported in Q4'16
  
  
• South Africa, an exporter of ferrous scrap exported 0.14 MnT in Q1'17 and 0.19 MnT in Q4'16, showing a correction of 27%. And the exports almost remained stable if Q1'17 exports were compared to Q1'16.
  
  

Source : Customs
Provisional Data, Quantity in MT

Major Importer of Ferrous Scrap in CY'16

• Turkey was the major importer of ferrous scrap in Q1'17, the nation imported 4.25 MnT ferrous scrap which was decreased by 11% as the country imported 4.79 MnT in Q4'16. In Q1'17 the Turkish imports of ferrous scrap were up by 3% in Q1'17 as 4.14 MnT was imported in Q1'16.
  
  
• India the second largest importer of ferrous scrap imported 0.9 MnT in Q1, showing a decrease of 14% from Q4'16 as India imported 1.05 MnT of ferrous scrap in Q4'16. Indian imports were down by 46% in Q1'17 as the country imported 1.7 MnT in Q1'16.
  
  
• South Korea, imported 1.5 MnT ferrous scrap. The imports of the country increased by 7% as the country imported 1.43 MnT in Q4'16. South Korean import of ferrous scrap were up by 27% in Q1'17as 1.2 MnT was imported in Q1'16.
  
  
• USA, imported 1 MnT ferrous scrap, which if compared to Q4'16 were higher by 42% as 0.76 MnT of ferrous scrap was imported during the last quarter of 2016. The import of ferrous scrap increased by 33% in Q1'17as 0.81 MnT was imported in Q1'16.
  
  
• The imports of ferrous scrap in Taiwan remained stable as the country imported 0.6 MnT in both Q1'17 and Q4'16. Taiwan import of ferrous scrap for Q1'17 increased by 2% as 0.59 MnT was imported in Q1'16.
  
  

Source : Customs
Provisional Data, Quantity in MT