Turkey, Taiwan help drive US ferrous scrap exports down by 20.8% in January

Ferrous scrap exports from the United States were significantly lower in January versus the previous month due to lower shipments to major destinations such as Turkey and Taiwan, where demand was limited due to weak finished steel sales.

January's ferrous scrap exports – booked in December – declined by 20.8% month on month to 989,159 tonnes from 1,248,832 tonnes, US Census Bureau data showed. Increased exports to Canada (up by 32.3%), Mexico (up by 13.7%) and South Korea (up by 58.4%) failed to offset contractions in shipments to Turkey (down by 24.9%) and Taiwan (off by 45.6%).

Exports of No1 heavy melt to Turkey declined by 31.1% to 77,646 tonnes in January from 112,745 tonnes in December, while shredded scrap deliveries to the country fell by 10.3% to 46,248 tonnes from 51,560...


Mei Ling Toh

April 16, 2019

21:43 GMT

New York