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Metal Recycling News December 10, 2019 04:30:44 PM

U.S. Exports of Nickel Scrap Posted Sharp Decline Through October

Paul Ploumis
ScrapMonster Author
Through October this year, the top trade partner of the U.S. was Canada.

U.S. Exports of Nickel Scrap Posted Sharp Decline Through October

SEATTLE (Scrap Monster): The U.S. exports of nickel waste and scrap registered huge decline during the initial ten-month period of the current year. The latest trade data published by the U.S. Census Bureau indicates that the exports collapsed by over 20% during this period. This is upon comparison with the same period a year before. The exports were valued at $110.77 million as compared with $138.58 million a year before.

Through October this year, the top trade partner of the U.S. was Canada. The nickel scrap exports from the U.S. to Canada totalled $65.67 million, accounting for more than 59% of all shipments b the U.S. The exports to Canada witnessed huge decline by nearly 39% over the previous year. The second largest destination of exports was Japan, whose imports from the U.S. totalled $11.90 million. In third place was the UK with imports of $9.08 million. The other key export destinations were Australia ($6.49 million) and Germany ($4.28 million).

 

ALSO READ: U.S. Census Bureau: Exports of Scrap Iron and Steel Dropped 12%

The U.S. imports of nickel scrap recorded a year-on-year decline of 1.96% in Jan-Oct ’19. The imports dropped from $273.31 million to $267.96 million through the first ten months of 2019. The leading sources of import were the UK ($73.93 million), Russia ($35.68 million), Canada ($34.43 million), Mexico ($24.55 million) and Japan ($21.14 million). These five countries together supplied more than 70% of all nickel waste and scrap imported by the U.S. during Jan-Oct ’19.

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