Steel News

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

Nonferrous scrap trade faces disruptions in ASEAN & global markets

13 Dec 2024 15:29 reported by Stanley Wang

A A A
The Bureau of International Recycling’s (BIR) December World Mirror on Nonferrous Metals highlighted significant challenges impacting the nonferrous scrap trade, particularly in the Association of Southeast Asian Nations (ASEAN).

Malaysia’s Port Klang, a critical hub, is paralyzed by severe congestion due to intensified customs inspections as part of an anti-corruption crackdown, according to Stella Ying Wang of American Iron & Metal LP. In Thailand, government crackdowns on noncompliant recycling facilities have disrupted operations, further straining regional trade systems. Besides, Malaysia’s tighter restrictions have reduced Japan’s copper exports to the country.

Wang emphasized the need for systemic reforms, pointing to infrastructure limitations for managing recycled material imports. Meanwhile, U.S. and European contributors cite ongoing supply challenges. Rick Dobkin of Shapiro Metals highlights tight aluminum scrap availability due to new mills and slower manufacturing, while low material volumes in Europe, especially in aluminum.

Back to Steel News

Related News

US reports increase in scrap exports in Nov 2024

  • Scrap
  • 10 Jan 2025 12:02

Brazil exports less ferrous scrap in Dec 2024

  • Scrap
  • 9 Jan 2025 15:19

Argentina lifts export restrictions on scrap and metal waste

  • Scrap
  • 6 Jan 2025 15:26

Taiwan’s Feng Hsin maintains stable prices amid uncertain raw material market

  • Scrap
  • 6 Jan 2025 15:23

Russia extends export quota on ferrous waste and scrap for 2025

  • Scrap
  • 3 Jan 2025 16:32

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,838.50
  • 2,885.00
  • Aluminum
  • 2,572.00
  • 2,587.00
  • Copper
  • 8,979.00
  • 9,104.00
  • Nickel
  • 15,550.00
  • 15,775.00

Learn more

Coil Exchange Center

Learn more