Steel Network
13,407.44 TRY BIST 100 BIST 100
43.42 USD USD USD
6.28 CNY CNY CNY
51.79 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
34.13 TRY Interest Interest
69.26 USD Fossil Oil Fossil Oil
13,407.44 USD Copper Copper
168.08 USD Silver Silver
103.38 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,761.05 TRY Gold (gr) Gold (gr)
103.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

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

POSCO holdings’ profit decreases due to one-off construction-related costs

Monday, February 2, 2026

Exports decreased by 3.9% in January, while the foreign trade deficit increased by 11.2%

Monday, February 2, 2026

Türkiye's scrap import route has changed: the US declined and the CIS increased

Monday, February 2, 2026

European Commission Vice-President Séjourné: “Made in Europe” priority should be strengthened in public procurement

Monday, February 2, 2026

TIM WINGS registration platform opened to women exporters

Monday, February 2, 2026
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