Steel News

We strive to let you one step ahead of the market.

Singapore's scrap exports increase in Sep m-o-m, y-o-y

14 Nov 2024 14:49 reported by Stanley Wang

A A A
Based on Singapore's trade statistics, Singapore exported a total of about 91,000 tons of scrap (HS code: 7204) in September, marking a 16.3% year-on-year increase. This is the first time in two months that Singapore has recorded year-on-year growth in this category. Compared to August, September's export volume rose by 31.2%.

Among them, Bangladesh was the top importer, soaring by 212.4% year on year to 62,000 tons and maintaining its lead as the largest importer for the third consecutive month. Indonesia followed in second place, importing 13,000 tons, up by 129.1% year on year.

In the first nine months, Singapore's scrap exports totaled around 680,000 tons, reflecting an 18.8% increase year-on-year, with an average monthly export volume of 76,000 tons. Annual exports are expected to reach 910,000 tons.

Bangladesh remained the top importer, with 294,000 tons, representing 43.3% of Singapore's total exports and showing a year-on-year growth of 132.4%. Indonesia ranked second, importing 154,000 tons, which accounted for 22.7% of exports and showed a 73.4% increase. Malaysia imported 99,000 tons, accounting for 14.6% of exports, but saw a year-on-year decline of 31.1%.

Back to Steel News

Related News

Glencore-Merafe Chrome Venture to close 2 South African ferrochrome smelters amid rising electricity costs

  • Raw Materials
  • 5 Dec 2025 14:46

Glencore aims to produce 1.6 million tons of copper yearly by 2035

  • Raw Materials
  • 5 Dec 2025 14:34

Iron ore holds almost flat on Dec 4 with support from Fed rate cut expectations

  • Raw Materials
  • 5 Dec 2025 12:05

Vale cuts 2026 iron ore output forecast, eyes rising demand from India

  • Raw Materials
  • 4 Dec 2025 16:35

Simandou ships first iron ore to China

  • Raw Materials
  • 4 Dec 2025 16:15

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,224.00
  • 3,046.00
  • Aluminum
  • 2,853.00
  • 2,884.00
  • Copper
  • 11,471.00
  • 11,410.00
  • Nickel
  • 14,720.00
  • 14,920.00

Learn more