Ferrous scrap imports into Indonesia, a developing import market, rose to 297,663mt in June from 72,121mt in May. Imports increased three-folds compared to the prior year, according to customs data.
Indonesian market started picked up in June post a slump due to Easter weekend in May. Japan was the largest supplier of ferrous scrap to Indonesia in June, with exports of 150,014mt followed by Australia with 410,006mt; Singapore 34,838mt; and Hong Kong 29,559mt.
In H1 (Jan-June), Indonesia’s ferrous scrap imports increased to 1.026mn mt, up by 72pc from 596,944mt in the prior-year period.
| Indonesian ferrous scrap imports in June | |||||
|---|---|---|---|---|---|
| Exporters | June 2021 | May 2021 | Change MoM | June 2020 | Change YoY |
| Japan | 1,50,014 | 4,920 | 2949% | 5,853 | 2463% |
| Australia | 41,006 | 4,111 | 897% | 14,853 | 176% |
| Singapore | 34,838 | 605 | 5656% | 4,140 | 742% |
| Hong Kong | 29,559 | 10,512 | 181% | 17,997 | 64% |
| UK | 24,429 | 10,076 | 142% | 656 | 3621% |
| Poland | 6,370 | 24,560 | -74% | – | 100% |
| Thailand | 5,166 | 361 | 1331% | 471 | 997% |
| New Zealand | 2,397 | 9,987 | -76% | 2,395 | 0% |
| South Korea | 1,456 | 1,441 | 1% | 2,107 | -31% |
| Others | 2,428 | 5,548 | -56% | 15,452 | -84% |
| Total | 2,97,663 | 72,121 | 313% | 63,924 | 366% |