Author: Paul Ploumis
21 Apr 2015 Last updated at 03:53:50 GMT
BEIJING (Scrap Monster): The latest import statistics indicate that the scrap imports by Thailand during February this year dropped significantly over the previous month. Also, the scrap imports saw modest decline when compared with the same month a year ago.
The scrap imports by Thailand during the month of February this year totaled 66,000 tons. The imports declined by 2.9% when compared with the scrap imports during the same month a year ago. Meantime, the scrap imports have dropped considerably by 28% over the previous month. Thailand had imported 92,000 tons of scrap during the month of January this year.
The largest scrap exporter to Thailand during Feb ’15 was the US. The scrap imports by Thailand from the US totaled 39,000 tons. The scrap imports from the country accounted for nearly 60% of the total scrap imports by Thailand during the month. The second largest scrap exporter to Thailand during the month was Australia. The imports from the country totaled 17,000 tons, accounting for over 26% of the total scrap imports by Thailand during the month.
The country’s scrap imports during initial two months of the year totaled 158,000 tons. The scrap imports were 18.5% higher upon comparison with the imports during the corresponding two-month period last year.
The scrap imports by Thailand are projected to touch 950,000 tons during the entire year 2015.