UNITED KINGDOM August 31 2016 4:25 PM
LONDON (Scrap Register): During the first six months of the 2016 the EU steel scrap exports increased by over 15 percent, according to the recently released half-yearly export data. The exports totaled 1.271 million tons during the month of June alone.
Turkey was the key importer of UE scrap during the first half of 2016. The scrap imports totaled 5.01 million tons, accounting for over 58% share of total exports by the region during the month. The steel scrap exports to Turkey were up by almost 14% year-on-year in Jan-June ‘16.
India was the second largest importer of EU scrap. The total scrap exports to India increased by 29% to reach 957,000 tons during H1 2016. Exports to India accounted for 11.14% of the total exports out of the EU region.
The yearly steel scrap exports by the EU region dropped significantly in 2015, in comparison with 2014. The total exports during the year amounted to 13.743 million tons, 18.9% lower when compared to the total exports of 16.95 million tons during 2014.