Scrap Monster
Vulcan
Vulcan
Metal Recycling News July 10, 2019 08:30:47 AM

U.S. Scrap Iron and Steel Exports Dipped 18%

Paul Ploumis
ScrapMonster Author
Turkey continued to remain as the topmost destination of scrap iron and steel from the U.S.

U.S. Scrap Iron and Steel Exports Dipped 18%

SEATTLE (Scrap Monster):  The recent trade statistics published by the U.S. Census Bureau points to significant decline in exports of scrap iron and steel during the initial five-month period of the current year. The exports registered year-on-year decline by 18.36% to total $2.12 billion in January to May in 2019, as compared with the exports of $2.59 billion during the corresponding five months in 2018.

Turkey continued to remain as the topmost destination of scrap iron and steel from the U.S. The exports to that country were valued at $396.08 million, accounting for approximately 19% of all U.S. exports in Jan-May ‘19. The imports by Turkey dropped significantly by almost 19% over the previous year.

ALSO READ: U.S. Nickel Scrap Exports Declined 23%

Taiwan, the second largest export destination, received $261.76 million worth of scrap iron and steel. The U.S. exports to Taiwan declined by nearly 12% year-on-year. In third place was South Korea with total imports of $184.33 million. The other key importers were India ($178.63 million) and Mexico ($147.75 million).

Meantime, the imports of scrap iron and steel were down by 16.41% to $648.72 million in Jan-May ‘19. The U.S. imports had totaled around $776.10 million during the corresponding five-month period in 2018. The primary exporter of scrap iron and steel to the US was Canada, with supplies totaling $420.8 million. The other major sources of import were Mexico ($97.04 million) and Sweden ($53.29 million).

SM Newsletter
Subscribe to SM mailing list and get updates to your inbox
Facebook Twitter Linkedin