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Metal Recycling News November 13, 2019 02:30:32 PM

Aluminum Scrap Exports Till September Slumped 6%

Paul Ploumis
ScrapMonster Author
The Indian imports surged higher significantly by approximately 24% year-on-year.

Aluminum Scrap Exports Till September Slumped 6%

SEATTLE (Scrap Monster):  The most recent trade statistics released by the U.S. Census Bureau indicates that exports of aluminum scrap registered modest decline during the initial nine-month period of the current year. The exports were valued at $1.71 billion during this period, slightly lower by 5.79% when matched with $1.82 billion during the corresponding nine-month period in 2018.

China was the primary importer of aluminum scrap from the U.S. The value of exports to China totalled $337.2 million, accounting for almost one-fifth of the total U.S. shipments. Meantime, the Chinese imports from the U.S. dropped significantly by nearly 43%, compared with the previous year. In second place was India, with imports valued at $246.32 million. The Indian imports surged higher significantly by approximately 24% year-on-year. South Korea emerged as the third largest importer, receiving $238.49 million worth of aluminum scrap from the U.S. The other key market destinations were Malaysia ($193.34 million) and Mexico ($133.17 million).

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The above five countries together received almost 67% of the total aluminum scrap exported by the U.S. during Jan-Sep ’19.

The U.S. imported $616.07 million worth of aluminum scrap during the first nine months of the current year. This compares with $843.59 million during the year-ago period, thereby translating into a year-on-year decline by almost 27%. The top five sources of import were Canada ($404.66 million), Mexico ($164.24 million), Guatemala ($10.99 million), UK ($4.44 million) and Chile ($3.76 million).

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