US non-ferrous scrap exports decline in November

US non-ferrous scrap exports backpedaled in November, with aluminium and copper scrap leading the erosion in the prior month's short-lived gains.

Non-ferrous scrap exports as a whole retreated by 13,306 short tons in November compared with the previous month but rose by 38,869 tons from November 2016, according to US Commerce Department data.
Of the seven non-ferrous scrap grades - aluminium, used beverage cans (UBCs), copper, lead, lead-acid batteries, nickel and zinc - tracked by Metal Bulletin sister title American Metal Market, aluminium, copper and UBCs were the only ones to post month-on-month declines.

Market participants' sights are fixed on China and the scrap giant’s appetite...


Bradley MacAulay

January 10, 2018

01:23 GMT