Phelieu247.com – Imports of iron scrap in the first nine months of this year increased both volume and value over the same period. Particularly, this time the amount of steel scrap imported from the Cambodian market increased sharply.
According to preliminary data released by the GDVC in September 2017, scrap steel imports declined by 10.5% and 5%, respectively, in volume and value, down from 431.7 thousand tons, worth $ 130.5 million. From the beginning of the year to the end of September 2017, imports of this group increased both in volume and value compared to the same period in 2016, up 20.8% in volume and up 57.3% in value, reaching 3, 3 million tons, worth $ 938.8 million.
Vietnam imports scrap steel mainly from Japan, Hongkong (China) and the United States. Three main mayors, accounting for 63.2% of total imports, Japan accounted for the largest share of 53.7%, followed by Hong Kong (China) 24.4% and United States 21.7%.
In the Japanese market, although the main import market, in the first 9 months of this year, steel scrap imported from this market decreased both quantity and value over the same period, decreased by 28.65% and 3.77%, equivalent to 1.1 million tons, worth $ 321.2 million. Imports from Hong Kong (China) and the United States both increased in volume and value, including US imports increased sharply, 2.8 times in volume and 3.6 times in value. .
In addition, scrap steel is also imported from other markets such as Singapore, Chile, Canada, England, Cambodia, Holland …
In general, the amount of iron scrap imported in the past nine months from the markets has grown, accounting for 58.8% and reverse the market with the decrease of only 41.1%.
In particular, import of scrap metal from Cambodia market increased sharply, though only reached 11.3 thousand tons worth $ 2.6 million, but increased more than 7.4 times in volume and more than 10.7 times in value compared with the same period. Average import price was $ 236.5 / tonne – the lowest import price compared to other markets and also one of the main reasons for the increase of imported iron scrap from this market in the recent past. .
In addition to the Cambodian market, imports from the Chilean market were also strong, up 2.9 times in volume and 3 times higher in value, worth 32.8 thousand tons, worth $ 8.3 million. .
Notably, the import of scrap steel in the past 9 months has added Ireland and Mexico with the import of 1 thousand tons and 335 tons, respectively.
Import market of iron and steel scrap 9 months 2017
