9,031.82 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.51 USD USD USD
36.34 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.50 TRY Interest Interest
72.97 USD Fossil Oil Fossil Oil
31.21 USD Silver Silver
31.21 USD Copper Copper
99.42 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,945.15 TRY Gold (gr) Gold (gr)

South Africa's scrap exports hit record increase in june 2024

According to data provided by the South African Revenue Service (SARS), scrap exports increased by 190.4% annually in june, from 5,145 tons to 14,941 tons. However, compared to May, exports decreased by 37%.

South Africa's scrap exports hit record increase in june 2024

As of january-june 2024, the country's total scrap exports increased by 44.1% from 99,837 tons to 143,909 tons. This increase means that South Africa is strengthening its position in the global scrap market and responding to the increase in scrap demand.

India has the largest share in South Africa's scrap exports. In the first half of 2024, exports to India amounted to 177,709 tons. India's high demand significantly boosted South Africa's scrap exports. India was followed by Pakistan with 45,709 tons. Pakistan stood out as South Africa's second largest scrap importer.

This high increase in South Africa's scrap exports demonstrates its ability to adapt to trends in international trade and changes in market demand. Experts predict that if this trend continues, South Africa's role in the regional and global scrap market will further strengthen.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

A new era begins in the Indian steel sector

Thursday, November 21, 2024

China's HRC, CRC and rebar production decreased y-o-y in October

Thursday, November 21, 2024

HRC prices decline from China to Middle East

Thursday, November 21, 2024

EU construction decreased in september

Thursday, November 21, 2024

Iranian analyst Keyvan Jafari Tehrani shared the effects of world politics on the steel industry

Thursday, November 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now