Exports of Nickel Waste and Scrap by the US Surged 30%

SEATTLE (Scrap Monster): In accordance with the latest trade statistics published by the US Census Bureau, the country has recorded notable surge in exports of nickel waste and scrap during the first nine months of the current year. The exports increased considerably by more than 30% upon comparison with the corresponding period in 2016. The exports of nickel waste and scrap totaled $92.51 million during Jan-Sep ’17 as compared with the exports of $70.96 million during the similar nine-month period in 2016.

The main export destination of nickel waste and scrap from the US was Canada. The country reported 62% jump in year-to-date imports from the US. The Canadian imports totaled $71.12 million, accounting for nearly 77% of all shipments made by the US during this period. The second largest importer was the UK. The imports of nickel waste and scrap from the US totaled $4.10 million, accounting for 4.4% market share of US export. The exports to the UK dropped sharply by 44% from the year before. In third place was Japan with imports of $3.62 million. The imports by that country witnessed sharp year-on-year decline by 43%. The other key importers were Sweden ($3.36 million) and Australia ($3.30 million).

The combined imports by the top five export destinations represented 92% of all the nickel waste and scrap exported by the US through September this year.

The exports through Buffalo Customs district surged higher significantly by almost 53% to total $55.42 million during the opening nine months of 2017. The other customs districts that witnessed significant shipment volume were Detroit ($12.94 million), Los Angeles ($5.36 million), New York City ($4.34 million) and Norfolk ($3.78 million).

Meantime, imports of nickel waste and scrap by the US skyrocketed by 51% during the first three quarters of 2017. The imports totaled $147.51 million during Jan-Sep ’17. The top five suppliers to the US were the UK, Canada, Germany, Japan and China. The UK-the top exporter reported marginal decline in shipments to the US. The imports from Canada rose sharply by over 45% to total $18.93 million. Germany too reported 8% jump in export volumes of nickel waste and scrap to the US during the nine-month period. The imports from Japan and China were valued at $13.41 million and $12.89 million respectively.

New York City, Los Angeles, Cleveland, Baltimore and Charleston accounted for bulk of the nickel waste and scrap by the US. These five customs districts together accounted for nearly 57% of all imports by the country during Jan-Sep ’17. The imported quantity through these customs districts totaled $84.56 million.

According to Census Bureau data, the US imports of nickel waste and scrap had totaled $142.96 million during the whole year 2016.