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17.7% leap in overseas sales of US ferrous scrap

United States – US exports of ferrous scrap neared 5 million tonnes in the opening five months of 2017 – outstripping overseas shipments in the same period last year by approaching 750 000 tonnes, according to latest US Census Bureau and International Trade Commission statistics.

But while the January-May 2017 export total of 4.965 million tonnes was 17.7% ahead of last year, deliveries to leading market Turkey slumped 23.8% from 1.358 million tonnes to 1.035 million tonnes.

India and South Korea also cut their US scrap requirements, the former by 47.8% to 295 094 tonnes and the latter by 35.9% to 218 024 tonnes. These declines were more than repaired, however, by substantially increased US exports to other leading outlets, most notably Mexico (+65.1% to 685 252 tonnes), Taiwan (+45.6% to 604 369 tonnes) and China (+313.8% to 346 687 tonnes).

US ferrous scrap shipments to neighbouring Canada shot up 110.8% year on year to 277 162 tonnes whereas the increase in consignments to Vietnam was a yet more eye-catching 724.8% to 292 738 tonnes.

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