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Metal Recycling News January 12, 2018 02:30:48 PM

US Exports of Nickel Waste and Scrap Surged 22%

Paul Ploumis
ScrapMonster Author
The largest importer was Japan. The imports by that country dropped sharply by 39% to total $4.7 million tons. The other major countries to receive significant volumes of nickel waste and scrap were Sweden ($3.9 million) and Australia ($3.7 million).
US Exports of Nickel Waste and Scrap Surged 22%

SEATTLE (Scrap Monster): The US shipments of Nickel waste and scrap increased significantly during the initial eleven months of 2017. The most recent trade data published by the US Census Bureau suggests 22% surge in export volumes during this period. Meantime, the imported nickel waste and scrap too increased sharply by 47% through November last year.

As per data, the exports totaled $110.08 million through November last year. This is higher by 22% when compared with the imports during the comparable period the year before. The US exports of nickel waste and scrap had totaled only $89.92 million during Jan-Nov ’16. The exports through Nov ’17 have already surpassed the full year exports of $100.5 million during 2016.

The largest export destination was Canada. The country received over 76% of total exports by the US. The exports to Canada totaled $84.13 million during the opening eleven months in 2017, registering a jump of nearly 47% over the previous year. The exports to the UK declined sharply by nearly 39% over the previous year to total $4.81 million. The largest importer was Japan. The imports by that country dropped sharply by 39% to total $4.7 million tons. The other major countries to receive significant volumes of nickel waste and scrap were Sweden ($3.9 million) and Australia ($3.7 million).

ALSO READ: Exports of Aluminum Waste and Scrap by the US Soared 22%

Meantime, imports of nickel waste and scrap by the US have surged higher by 47% during the initial eleven-month period of 2017. The imports totaled $189.13 million during Jan-Nov ’17. It must be noted that the country had received only $128.8 million worth of the material during the comparable period in 2016.

The top suppliers to the US were the UK, Canada, Germany, Japan and China. The shipments by the UK accounted for more than one-fifth of the total US imports, totaling $41.13 million. The imports from Canada rose sharply by 48% to total $24.42 million. Germany too reported 5% jump in export volumes of nickel waste and scrap to the US during the first eleven-month period. The imports from Japan and China were valued at $16.40 million and $160.09 million respectively.

The imports from the above top five countries accounted for 62% of the total imports by the country. The combined imports from these five sources totaled $116.94 million out of the total $189.13 million.

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