By Paul Ploumis 06 Aug 2015 Last updated at 03:21:06 GMT
PARIS (Scrap Monster): The most recently released trade data indicates that scrap imports by France during the month of May this year plunged heavily upon comparison with the previous year.
France imported 1.13 million tons of scrap during May ‘15. This is 32.1% down when compared with the imports during the same month a year before. The scrap imports by the country had totaled 1.664 million tons during May ‘14. The average scrap import price stood at $52.6 per ton, falling considerably by almost 47% when compared with the previous year.
The cumulative scrap imports by the country during the initial five months of the year totaled 6.334 million tons. The scrap imports were down by 14.9% when compared with imports during the corresponding five-month period in 2014. Brazil was the largest scrap exporter to France during this period. France imported 2.66 million tons of scrap during this period, accounting for almost 42% of scrap imports by the country.
The yearly scrap imports by France are estimated to total around 15.2 million tons in 2015.