EU scrap exports dropped sharply in 2015

By Carolina Curiel (ScrapMonster Author)

March 15, 2016 05:34:34 AM

BRUSSELS (Scrap Monster) : According to most recent statistics, the total scrap exports by the EU fell significantly during the year 2015 in comparison with the previous year. The total exports during the year amounted to 13.743 million tons, 18.9% lower when compared to the total exports during 2014. The scrap exports from the EU region had totaled 16.95 million tons during 2014. The monthly export volumes averaged at 1.15 million tons during 2015.

The largest export destination of EU scrap in 2015 was Turkey. The exports to Turkey totaled 8.079 million tons, accounting for nearly 60% of the total exports from the region. However, the scrap exports from the EU region to Turkey declined by 18.9% year-on-year during the year.

India was the second largest importer of EU scrap. The total scrap exports to India dropped marginally by 5.9% to touch 1.433 million tons during 2015. Exports to India accounted for 10.4% of the total exports out of the EU region. In third place was Pakistan with total scrap imports from the EU amounting to 990,000 tons. The imports by the country accounted for just over 7% of the total EU exports. The scrap imports by Pakistan surged higher significantly by 49.6% over the previous year.