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Metal Recycling News April 13, 2018 10:30:02 AM

U.S. Nickel Waste and Scrap Exports Through February Surged 45%

Paul Ploumis
ScrapMonster Author
The top five markets for U.S. imports were the UK, Russia, Canada, Germany and China. Nearly 67% of all nickel waste and scrap imported by the U.S. during Jan-Feb ’18 were shipped from these five markets.
U.S. Nickel Waste and Scrap Exports Through February Surged 45%

SEATTLE (Scrap Monster): The most recent statistics published by the U.S. Census Bureau indicates significant jump in exports of nickel waste and scrap by the country during the first two months of 2018. The imports too were up sharply, when compared with the corresponding two-month period in 2017.

Through February this year, the U.S. nickel scrap exports totaled $22.69 million. This is significantly higher by 45% when compared with the year-ago period. The exports had totaled $15.65 million during Jan-Feb ’17. At the current rate, the yearly exports in 2018 are projected to surpass the 2017 exports total of $121.13 million.

The key export market destination for U.S. nickel scrap was Canada. The country received nearly 88% of all U.S. exports during the two-month period. The imports by Canada surged higher significantly by almost 82% over the previous year to total $19.96 million. The exports to Japan dropped sharply by 35% to $797,789. In third place was the UK with imports totaling $457,945. The other major importers of nickel scrap from the U.S. were Australia ($426,226) and Sweden ($408,162).

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Meantime, the U.S. imports of nickel waste and scrap too soared higher by 45% year-on-year during the two-month period. The imports totaled $43.6 million as compared with $30.04 million during the previous year. The imports had amounted to $214.25 million during the entire year 2017.

The top five markets for U.S. imports were the UK, Russia, Canada, Germany and China. Nearly 67% of all nickel waste and scrap imported by the U.S. during Jan-Feb ’18 were shipped from these five markets. The imports from the above countries totaled $29.21 million.

The imports from the UK skyrocketed by almost 132% over the year to total $12.06 million, whereas those from Russia amounted to $5.87 million. Canada-the third largest supplier reported 9% year-on-year jump in supplies. The imports from Germany and China totaled $3.66 million and $3.25 million respectively.