US Census Bureau: Aluminum Scrap Exports Shrink 4%
China was the primary importer of aluminum scrap from the U.S.
SEATTLE (Scrap Monster): The most recent trade statistics released by the U.S. Census Bureau indicates that exports of aluminum scrap registered marginal decline during the initial four-month period of the current year. The exports were valued at $773.55 million during this period, slightly lower by 3.99% when matched with $805.67 million during the corresponding four-month period in 2018.
China was the primary importer of aluminum scrap from the U.S. The value of exports to China totaled $182.14 million, accounting for almost 24% of the total U.S. shipments. Meantime, the Chinese imports from the U.S. dropped significantly by over 51%, compared with the previous year. In second place was India, with imports valued at $108.77 million. The Indian imports surged higher significantly by 82.34% year-on-year. South Korea emerged as the third largest importer, receiving $108.01 million worth of aluminum scrap from the U.S. The other key market destinations were Malaysia ($65.84 million) and Mexico ($62.73 million).
The above five countries together received more than 68% of the total aluminum scrap exported by the U.S. during Jan-Apr ’19.
The U.S. imported $279.59 million worth of aluminum scrap during the first four months of the current year. This compares with $329.10 million during the year-ago period, thereby translating into a year-on-year decline of more than 15%. The top sources of import were Canada ($181.89 million), Mexico ($76.25 million) and Guatemala ($4.68 million).
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.32 | $US/Lb |
#1 Copper Bare Bright | 3.75 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.73 | $US/Lb |
6061 Extrusions | 0.64 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 460.00 | $US/MT |
#1 Busheling | 480.00 | $US/MT |
Electronics Scrap |