Loading price data
Scrap Monster
Access the
Platform
ScrapMonster has become North America's largest scrap trading platform with 97,178 members and the trusted source for scrap prices, news, and information. Join Today!
Metal Recycling News May 10, 2019 07:30:27 AM

U.S. Scrap Iron and Steel Exports Slump 22%

Paul Ploumis
ScrapMonster Author
The largest export destination for U.S. scrap iron and steel was Turkey.

U.S. Scrap Iron and Steel Exports Slump 22%

SEATTLE (Scrap Monster): The latest U.S. Census Bureau data points to substantial decline in exports of scrap iron and steel by the country during the initial three-month period of the current year.

The U.S. exports of scrap iron and steel totaled $1.14 billion in Jan-Mar ’19, which is significantly lower by over 22% when matched with the exports of $1.47 billion during the corresponding three-month period in 2018. The monthly exports were valued at $455.89 million for the month of March this year.

The largest export destination for U.S. scrap iron and steel was Turkey. The country imported $236.34 worth of the material and accounted for nearly 21% of the total U.S. exports. The U.S. exports to Turkey were down sharply by nearly 25% over the previous year. In second place was Taiwan with a market share of 13.49% of total U.S. exports. The exports to that country were valued at $153.81 million. The third largest importer was South Korea, whose imports were valued at $109.04 million in Jan-Mar ’19.

The imports of scrap iron and steel by the U.S. too registered marginal decline by almost 5% to total $395.47 million. The top five suppliers were Canada ($254.54 million), Mexico ($61.15 million), Sweden ($31.1 million), the Netherlands ($20.66 million) and the UK ($20 million). These five countries together supplied $387.43 million worth of scrap iron and steel, thereby accounting for almost 98% of the total U.S. imports.

×