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Thailand scrap steel imports rebound

The latest import statistics indicate that the scrap imports by Thailand during October 2015 increased modestly over the previous month. However, the scrap imports witnessed sharp decline when compared with the same month a year ago.

The scrap imports by Thailand during the month of October last year totaled 46,000 tons. The imports plunged heavily by 71.1% when compared with the scrap imports during the same month a year ago. The country had imported 159,000 tons of steel scrap during October 2014. Meantime, the scrap imports have increased slightly by nearly 12% over the previous month. Thailand had imported 41,000 tons of scrap during the month of September last year.

The largest scrap exporter to Thailand during October ’15 was the US. The scrap imports by Thailand from the US totaled 26,000 tons. The scrap imports from the country accounted for nearly 57% of the total scrap imports by Thailand during the month. The US scrap exports to Thailand dropped significantly by 63.9% year-on-year. The second largest scrap exporter to Thailand during the month was Korea. The imports from the country totaled 2,000 tons, accounting for approximately 4.35% of the total scrap imports by Thailand during the month. The scrap imports from Korea were down by 30.5% year-on-year.

The country’s scrap imports during initial ten months of the year 2015 totaled 857,000 tons. The imports during this period dropped heavily by 29.6% when compared with the corresponding ten-month period in 2014. The average monthly scrap steel imports by the country stood at 86,000 tons.

The scrap imports by Thailand are projected to total around 1.03 million tons during the entire year 2015.

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