US Exports of Nickel Waste and Scrap Exceeded $100 Million

SEATTLE (Scrap Monster): The latest trade statistics published by the US Census Bureau indicates considerable surge in shipments of nickel waste and scrap by the country during the first ten months of the current year. The country exported 23% more upon comparison with the previous year. The US exports of nickel waste and scrap totaled $100.57 million during Jan-Oct ’17 as compared with the exports of $81.98 million during the corresponding ten months in 2016.

The top destination of US nickel waste and scrap exports was Canada. The Jan-Oct ’17 imports by Canada surged higher by over 51% from the previous year to total $77.45 million, representing nearly 77% of the total US exports during this period. The second largest importer was the United Kingdom. The imports of nickel waste and scrap from the US totaled $4.34 million. The exports to the UK dropped sharply by 42% from the year before. In third place was Japan with imports of $3.96 million. The imports by that country declined sharply by nearly 48% upon comparison with 2016. The other key export destinations were Australia ($3.62 million), Sweden ($3.48 million) and India ($2.70 million).

The top five importers together accounted for 92% of all the nickel waste and scrap exported by the US through October this year. The combined exports by these countries totaled $92.76 million out of the $100.57 million.

The US exported nearly $60.0 million worth of nickel waste and scrap through Buffalo customs district. The other customs districts to record high shipment volume were Detroit ($14.13 million), Los Angeles ($5.59 million), New York City ($4.62 million) and Norfolk ($4.32 million).

Meantime, imports of nickel waste and scrap by the US have surged higher by 49% during the initial ten-month period of 2017. The imports totaled $165.9 million during Jan-Oct ’17. The top suppliers to the US were the UK, Canada, Germany, China and Mexico. The shipments by the UK accounted for approximately one-fifth of the total US imports. The imports from Canada rose sharply by 53% to total $22.21 million. Germany too reported 10% jump in export volumes of nickel waste and scrap to the US during the eight-month period. The imports from China and Mexico were valued at $14.30 million and $14.08 million respectively.

The top customs districts that accounted for much of the imports were New York City, Los Angeles, Cleveland, Baltimore and Charleston. Nearly 56% of the country’s total imports during the ten-month period were through these ports. The cumulative imports by the above five Customs Districts totaled $93.42 million.

According to Census Bureau data, the US exports and imports of nickel waste and scrap had totaled $100.05 million and $142.96 million respectively during the whole year 2016.