In 2012, scrap supply in China has decreased by 26.5% compared to the same period last year to 4.97 million tons Is the lowest value since the beginning of 2008.
Average price for scrap over the past two years has risen by $10 to $621 per ton.
Among the largest exporters of scrap to China in 2012 was Japan with a volume of 3.08 million tonnes, which is 25% higher than a year earlier. It is followed by USA with volume of 1.07 million tonnes, which, however, is by 61.5% less than in 2011 (2.78 million tons).
In 2012, the dependence of China from the Japanese import has increased significantly. The share of Japanese products in the total volume amounted to 62%, American 22%.
SOGRA