Taiwans ferrous scrap imports totaled 311,713 tonnes in
May, down 10.4 percent from the previous month, according to
the latest data from the Taiwan Steel and Iron Industries
The decline was due to
reduced demand for the steelmaking raw material, with steel
companies scaling back production to lower their electricity
bills during the warm summer months, an association official
told AMM sister publication Steel First July
3. Steel mills are shutting down some production units for
inspection and repair as well as reducing work hours during
peak electricity usage periods, he said.
compiled by the trade group showed that the United States
remained the islands largest source of scrap, although
May shipments of 188,634 tonnesaccounting for 60.5
percent of total importswere down 23 percent from 245,003
tonnes in April.
Imports from Japan,
the second-largest source of scrap for Taiwan in May, soared to
30,980 tonnes from 8,542 tonnes the previous month. Imports
from Hong Kong totaled 20,037 tonnes, up 57.5 percent from
12,719 tonnes in the same comparison.
A version of this article was first published by AMM sister
publication Steel First.