December 02, 2008

Scrap imports through Zhangjiagang up in H1 2008

According to statistics, the scrap imports through Zhangjiagang port have totaled 90 batches of 181,100 tonnes in the H1 2008 with import values of USD 116.33 million up by 63.64% YoY, 170.7% YoY and 16.33% YoY respectively from the 55 batch, 66,900 tonnes and USD 100 million of the same period of last year.

The statistics show that, domestic scrap demand has soared up since the end of last year as a result of the soaring global iron ore prices, leading the scrap imports jump in Zhangjiagang port.