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Metal Recycling News May 15, 2020 11:30:32 AM

Copper Waste and Scrap Exports Collapsed 7%

Paul Ploumis
ScrapMonster Author
The other key foreign markets were Malaysia ($68.93 million) and Germany ($53.07 million).

Copper Waste and Scrap Exports Collapsed 7%

SEATTLE (Scrap Monster): The latest U.S. Census Bureau data suggests notable decline in exports of copper waste and scrap by the country during the first quarter of 2020. The exports dipped lower by 7.13% over the previous year to total $669.72 million. The U.S. copper waste and scrap exports had totalled $721.10 million during the corresponding three-month period in 2019.

Canada emerged as the top export destination. Almost 13% of the quarterly U.S. exports were to that country. The exports to Canada totalled $85.65 million, higher by 8.6% year-on-year. The second largest importer was China, which accounted for 11.8% of all U.S. shipments. The U.S. exports to the country totalled $79.04 million. In third place was South Korea, whose imports were valued at $78.47 million. The other key foreign markets were Malaysia ($68.93 million) and Germany ($53.07 million).

The above top five destination markets together accounted for almost 55% of all shipments of copper waste and scrap by the U.S. during Jan-Mar ‘20.

Meantime, the country imported 30.75% less copper waste and scrap in through the first three months of the year. The imports were down from $175.57 million a year before to $121.58 million. The leading source of imports was Canada ($64.78 million), followed by Mexico ($46.53 million) and Dominican Republic ($1.75 million).

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