SEATTLE (Scrap Monster): The scrap iron and steel exports by the U.S. surged over 36% during the initial eight-month period in 2018. The imports too were up sharply by nearly 26% during this period. This is in accordance with the latest trade statistics published by the U.S. Census Bureau.
During Jan-Aug ’18, the U.S exports of scrap iron and steel totaled $4.08 billion. This is higher by 36.47% when compared with the corresponding period last year. The U.S. exports of scrap iron and steel during Jan-Aug ’17 had totaled only $2.99 billion. The exports totaled $547.78 million during the month of August 2018 alone.
The top export market for scrap iron and steel from the U.S. was Turkey. The exports to Turkey totaled $753.7 million, accounting for nearly 18.47% of the total U.S. exports. The second largest destination was Taiwan with $466.99 million worth of imports from the U.S. The other key export markets were Mexico ($432.44 million), India ($297.97 million) and China ($260.01 million).
Meantime, imports of scrap iron and steel too were up significantly by 25.53% to $1.26 billion through August this year. The U.S. imports had totaled around $1 billion during Jan-Aug ’17. The primary supplier of scrap iron and steel to the US was Canada, with supplies totaling $796.69 million, representing more than 63% of all U.S. imports. The other major sources were Mexico ($164.83 million) and the Netherlands ($109.44 million).
Copper Scrap View All | |
Alternator | 0.31 (0) |
#1 Copper Bare Bright | 3.85 (0.05) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.73 (0.01) |
6061 Extrusions | 0.64 (0.01) |
Steel Scrap View All | |
#1 Bundle | 435.00 (0) |
#1 Busheling | 455.00 (0) |
Electronics Scrap View All |