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Metal Recycling News April 06, 2020 05:30:51 PM

U.S. Sees Nickel Scrap Exports Decline Sharply

Paul Ploumis
ScrapMonster Author
From January to February in 2020, the top trade partner was Canada.

U.S. Sees Nickel Scrap Exports Decline Sharply

SEATTLE (Scrap Monster): The U.S. exports of nickel waste and scrap registered marginal decline during the initial two-month period of the current year. The trade statistics published by the U.S. Census Bureau indicates that the exports declined by approximately 24% during this period, when compared with the prior year. The Jan-Feb ’20 exports were valued at $19.95 million as compared with $20.36 million a year before.

From January to February in 2020, the top trade partner was Canada. The nickel scrap exports from the U.S. to Canada totalled $11.29 million. The country accounted for nearly 57% of all U.S. shipments. The exports to that country witnessed huge decline by almost 17% over the previous year. The second largest destination of exports was Japan, whose imports from the U.S. totalled $2.23 million. In third place was Australia with imports of $1.72 million. The other key export destinations were the UK ($1.55 million) and Germany ($853,807).

Meantime, the U.S. imports of nickel scrap recorded a year-on-year surge by 13.5% in the opening two months of 2020. The imports totalled $43.89 million during this period. The top five sources of import were the UK ($13.05 million), Canada ($5.64 million), Mexico ($4.24 million), Japan ($4.13 million) and Germany ($3.94 million).

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