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Pig Iron November 20, 2017 02:30:36 PM

Pig Iron Exports by the US Surged Nearly 200% Through September

Paul Ploumis
ScrapMonster Author
The top three destinations of US pig iron exports were Canada, Mexico and India. The imports by Canada totaled $15.72 million, accounting for 84.3% share of total US exports.

Pig Iron Exports by the US Surged Nearly 200% Through September

SEATTLE (Scrap Monster): The exports of Pig Iron by the US more than tripled during the first three quarters of the current year. This is in accordance with the latest trade statistics published by the US Census Bureau. The exports during this period amounted to $18.65 million, higher by more than three times when matched with the imports of $6.05 million during the corresponding nine-month period last year. The US pig iron exports had totaled $10.48 million during the entire year 2016.

The top three destinations of US pig iron exports were Canada, Mexico and India. The imports by Canada totaled $15.72 million, accounting for 84.3% share of total US exports. Also, Canadian imports more than doubled over the previous year. The exports to Mexico too were up sharply by more than 100% to $1.71 million. The imports by Mexico accounted for 9.15% of total US exports. In third place was India with imports valued at $578,844. The country’s pig iron imports from the US remained more or less flat over the previous year.

Pembina, N.D. reported largest shipment volume of pig iron among various US customs districts. The district accounted for nearly 47% of all shipments by the US. Pembina, N.D. was closely followed by Detroit and Laredo with market shares of 37.37% and 9.15% respectively.

Meantime, imports of Pig Iron too have registered considerable increase during the first nine months of 2017. The imports surged higher from $791.46 million in Jan-Sep ’16 to $1.34 billion through the first nine months of 2017. By value, the imports during the first three quarters of 2017 have already surpassed the full year imports of $947.66 million recorded in 2016.

The primary exporter of pig iron to the US was Russia. The US imports from Russia totaled $733.02 million, accounting for approximately 55% of total imports by the US. The imports from Ukraine and Brazil totaled $298.581 million and $240.10 million respectively. South Africa ($31.38 million) and India ($25.28 million) were the other leading exporters of Pig Iron into the US. The total shipments by the above five countries accounted for approximately 99% of the total imports by the US during the nine-month period from January to September this year.

New Orleans, Mobile, Charleston, Cleveland and Chicago emerged as the top five Customs districts, by value of U.S. pig iron imports. These top five top five Customs districts accounted for nearly 95% of total US pig iron shipments into the country. Nearly 1.27 billion out of the $1.34 billion imports were shipped to these top five customs districts.

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