21 Apr 2014 Last updated at 03:35:24 GMT
JAKARTA (Scrap Monster): According to recent government statistics, Indonesian scrap imports were up significantly during the year 2013. The country’s imports of scrap totaled 2.40 million tons during the year, 23.4% higher when compared with the scrap imports during a year before.
The largest scrap exporter to Indonesia during 2013 was the US. The scrap imports by Indonesia from the US totaled 572,000 tons, accounting for almost one-fourth of the total yearly scrap imports by the country. The second largest exporter was Australia with 378,000 tons, followed by Singapore with 332,000 tons.
According to data, the US exported 407,000 tons of scrap to Indonesia during Jan-July this year. The scrap imports from the US soared 169.1% over the previous year. Australia was the second largest scrap exporter to Indonesia with total exports going higher by 49.1% y/y to 265,000 tons. In third place was Singapore with total exports of 171,000, up 62.6% year-on-year. However, scrap imports by the country declined sharply during the second half of the year.
The Indonesian scrap imports during the month of December ’13 alone totaled 164,000 tons. The scrap imports during the month plunged by 36.8% when compared with the imports during same month the previous year.
Author: Paul Ploumis