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Metal Recycling News December 12, 2018 08:30:15 AM

U.S. Records Notable Surge in Aluminum Scrap Exports

Paul Ploumis
ScrapMonster Author
The top trade partner through October this year was China. However, the exports to that country dropped sharply by more than one-third over the previous year.

U.S. Records Notable Surge in Aluminum Scrap Exports

SEATTLE (Scrap Monster): The latest U.S. Census Bureau data suggests notable jump in aluminum scrap exports by the country during Jan-Oct ’18. The exports totaled $2.02 billion during this period, significantly higher by 11.72% when matched with the corresponding period in 2017. The Jan-Oct ’17 exports of aluminum scrap by the country had totaled only $1.81 billion.

The top trade partner through October this year was China. However, the exports to that country dropped sharply by more than one-third over the previous year, mainly due to strict import controls imposed by the Chinese administration. The U.S. exported $619.08 million worth of scrap to China, still accounting for nearly 31% of all U.S. shipments. In second place was South Korea, who imported $280.63 million worth of materials from the U.S. The other key importers were India ($229.81 million), Mexico ($177.83 million) and Canada ($173.06 million).

The combined exports to the above top five foreign markets accounted for over 73% of the total U.S. exports of aluminum waste and scrap.

Meantime, the U.S. imports of aluminum scrap too recorded 10.73% improvement over the previous year. The imports surged higher from $847.23 million to $938.17 million. The primary import sources were Canada ($547.53 million), Mexico ($256.62 million), Guatemala ($18.34 million), Venezuela ($9.13 million) and Brazil ($8.44 million). Nearly 90% of all imports were from the above five countries, U.S. Census Bureau data said.

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