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Metal Recycling News August 12, 2019 08:30:02 AM

U.S. Nickel Scrap Exports Slipped 22% Until June

Paul Ploumis
ScrapMonster Author
The primary market of U.S. nickel scrap export was Canada.

U.S. Nickel Scrap Exports Slipped 22% Until June

SEATTLE (Scrap Monster):  The U.S. Census Bureau published trade statistics for the initial half of 2019. In accordance with the data, the nickel scrap export by the country witnessed notable decline during this period. The exports of nickel waste and scrap totaled $61.49 million until June this year. This is lower by 21.86% when matched with the exports of $78.68 million from January to June in 2018.

As per data, the primary market of U.S. nickel scrap export was Canada. The exports to that country were valued at $40.37 million, accounting for approximately 66% of total U.S. shipments. The U.S. nickel scrap exports to Canada declined sharply by 34.52% over the previous year. The second largest importer was Japan, whose imports from the U.S. totaled $4.57 million in the first half of 2019. In third place was Australia with imports of $4.59 million. The other key export destinations of nickel scrap from the U.S. were the UK ($4.00 million) and Sweden ($2.74 million).

The above five countries together accounted for around 92% of the total U.S. nickel scrap exports until June this year.

ALSO READ: Scrap Trade by World Countries Exhibited Mixed Trend in H1 2019

Meantime, the imports of nickel waste and scrap by the U.S. witnessed marginal decline by 2.19% year-on-year. The imports during the first six months of 2019 totaled $154.75 million. This compares with the imports of $158.21 million in Jan-June ’18. The top five sources of import were the UK ($44.82 million), Canada ($20.63 million), Russia ($19.33 million), Mexico ($14.58 million) and Japan ($11.03 million). More than 71% of total nickel scrap shipped to the U.S. during the initial six-month period of 2019 was from the above five countries.

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