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.
Copper Scrap | VIEW ALL | |
Alternator | 0.42 | 0 |
#1 Copper Bare Bright | 4.62 | -0.05 |
Aluminum Scrap | VIEW ALL | |
6063 Extrusions | 1.19 | -0.03 |
6063 Extrusions/Fe | 0.95 | -0.02 |
Steel Scrap | VIEW ALL | |
#1 Bundle | 680.00 | 0 |
#1 Busheling | 700.00 | 0 |
Electronics Scrap | VIEW ALL | |
Cellular Phones | 4.25 | 0 |
CPU Processors | 20.00 | 0 |