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Scrap Monster
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Metal Recycling News November 09, 2017 12:30:41 PM

US Scrap Iron and Steel Exports Surged 35% During Jan-Sep '17

Paul Ploumis
ScrapMonster Author
The leading destination of scrap iron and steel exports from the US was Turkey. The other key importers were China, Taiwan, Mexico and India.
US Scrap Iron and Steel Exports Surged 35% During Jan-Sep '17

SEATTLE (Scrap Monster): The most recent trade statistics released by the US Census Bureau indicates that the shipments of scrap iron and steel out of the country increased considerably during the initial nine-month period of the current year. The US exports totaled $3.44 billion during the mentioned period, significantly higher by 35% when matched with the exports of $2.55 billion during the corresponding period in 2016. During the whole year 2016, the US had exported only $3.6 billion worth scrap iron and steel.

The leading destination of scrap iron and steel exports from the US was Turkey. The other key importers were China, Taiwan, Mexico and India. The exports to the top five market destinations totaled $2.21 billion, representing 64% of all scrap iron and steel shipments from the US during the nine-month period.

Turkey accounted for more than one-fifth of the total US shipment. The imports by Turkey totaled $699.05 million. The Turkish imports surged higher by over 40% when matched with the comparable period in 2016. The exports to China registered 48.25% year-on-year jump to total $631.47 million. The Chinese imports accounted for 18.35% market share. In third place was Taiwan with imports from the US amounting to $347.4 million. The country’s import volumes were up by nearly 27% from the previous year. The US scrap iron and steel exports to Mexico and India totaled $340.14 million and $196.37 million respectively.

Among Customs districts, Los Angeles accounted for nearly 23% of all shipments, followed by New York City and San Francisco with market shares of 16.6% and 9.5% respectively. The other Customs Districts to report notable shipment volumes were Boston and Seattle. Nearly 60% of all scrap and iron steel exported by the US during Jan-Sep ’17 were shipped through the above mentioned Customs Districts.

Meantime, imports of scrap steel and iron too have registered significant increase during the first nine months of 2017. The imports registered 52% increase year-on-year from $741.71 million in Jan-Sep ’16 to $1.13 billion through September this year. The US imports of scrap iron and steel were valued at $948.67 million during the entire year 2016.

The primary supplier of scrap iron and steel to the US was Canada. The imports from Canada totaled $731.2 million, accounting for approximately 65% of total imports. The imports from the UK and Mexico totaled $131.06 million and $126.52 million respectively. The other two among the leading foreign markets were Sweden ($53.58 million) and the Netherlands ($41.72 million) The exports by the these five countries accounted for nearly 96% of the total imports by the US during the initial nine-month period of 2017.

In terms of value of imports, Detroit, Buffalo, New Orleans, Seattle and Mobile emerged as the top five Customs districts. The above five customs districts collectively received more than 96% of all imports by the US during Jan-Sep ’17. The cumulative imports by these ports totaled $1.08 billion through September this year.

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