Chinese scrap imports plunged in March

BEIJING (Scrap Monster): As per the most recent data, the scrap imports by China during the month of March this year declined sharply over the previous year. However, imports were up when compared with those during February this year.

 

The country’s scrap imports during March 2015 totaled 194,000 tons. The imports dropped by 21.9% year on year. The country had imported 248,400 tons of scrap during March last year. When compared with the previous month, the scrap imports by the country were up 17.2%. China had imported 165,530 tons of scrap during February this year.

 

The cumulative scrap imports by the country during the initial three-month period of the year totaled 545,000 tons, marginally down by 2.9% when compared with the imports during the corresponding three-month period from January to March in 2014. The Chinese scrap imports had totaled 562,000 tons during Jan-Mar ‘14.

 

During January to March this year, Japan was the largest scrap exporter to China. The scrap imports from Japan totaled 462,000 tons, accounting for almost 85% of the country’s total scrap imports. However, the scrap imports from Japan fell by 5.6% year-on-year. The second largest exporter of scrap to China was Australia. The scrap imports by the country from Australia totaled 25,000 tons. In third place was South Korea with 21,000 tons.