US Scrap exports dropped slightly in July '14

ALBANY (Scrap Monster): The scrap exports by the US during the month of July this year declined considerably, according to the latest trade data released by the US International Trade Commission.

As per data, the country’s scrap exports totaled 1.25 million tons during the month. The exports stood higher by 4.2% when compared with the exports during the same month a year ago. The US scrap exports during July ’13 had totaled 1.2 million tons.

Also, the scrap exports by the country declined month-on-month. The scrap exports during July ’14 were down 1.57% when compared with the total exports of 1.272 million tons during June this year.

The US scrap exports to Turkey fell marginally during July ’14 in comparison with the exports of 304,000 tons a month before. The scrap exports to Turkey totaled 302,469 tons during the month, thus accounting for nearly one-fourth of the total US scrap exports during the month.

A similar dip was seen in the exports to Taiwan. The US scrap exports to Taiwan decreased by 8.2% during the month to touch 189,075 tons. This is in comparison with the exports during the previous month.

The third largest importer of US scrap was Thailand with 150,475 tons.

The cumulative scrap exports during the initial seven months of the year totaled 8.845 million tons.

The projected scrap exports by the country for the whole year 2014 stands at 15.16 million tons.