U.S. Nickel Scrap Exports Till August Dropped 24%

SEATTLE (Scrap Monster): The most recent statistics published by the U.S. Census Bureau indicates significant decline in exports of nickel waste and scrap by the country during the first eight months of 2019. Also, the imports dropped when matched with the corresponding eight-month period in 2018.

Through August this year, the U.S. nickel scrap exports totalled $85.85 million. This is significantly lower by 23.65% when compared with the year-ago period. The exports had totalled $112.44 million during Jan-Aug ‘18. 

The key destination market for U.S. nickel scrap exports was Canada. The country received more than 62% of all U.S. exports. The imports by Canada slumped by almost 40% over the previous year to total $53.29 million. The exports to Japan increased by approximately 29% to $8.46 million. In third place was the UK with imports totalling $5.63 million.

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Meantime, the U.S. imports of nickel waste and scrap registered decline by 6.29% year-on-year from January to August this year. The imports totalled $206.47 million as compared with $220.32 million during the previous year. The nickel waste and scrap imports had amounted to $318.02 million during the entire year 2018.

The top five market sources for U.S. imports were the UK, Russia, Canada, Mexico and Japan. Approximately 72% of all nickel waste and scrap imported by the U.S. during Jan-Aug ‘19 were shipped from these five countries. The cumulative imports from the above markets amounted to $148.52 million.