Posted on 08 Jun 2016
Malaysia steel scrap imports from United States and Singapore dropped during the first two months of this year, while the imports from Japan shot up by 56.5% year-on-year, as per the latest figures from the Malaysian Department of Statistics.
Malaysia's steel scrap imports from Singapore declined drastically by 71% to 11,947 ton during January to February of this year, as compared to 41,416 tons a year early. The share of Singapore in Malaysia's total scrap imports was 40 percent.
Malaysia's steel scrap imports from US down by 9% to 5,538 ton during January to February of this year, as compared to 6,144 tons a last year.
Steel scrap imports from Japan advanced sharply by 56.5% year-on-year to 3,352 tons during the first two months of this year.
However, Malaysia's total ferrous scrap imports plummeted by 69.7% to 29,634 ton during January to February of this year, as compared to 97,800 tons a year early.
