May Ferrous Scrap Exports Down 28 Percent over Last Year

May ferrous scrap exports totaled 1,708,695 net tons (1,550,104 metric tons) with Turkey, Taiwan, Korea, Canada, and Egypt being the top five countries where scrap was sent. These countries accounted for 69.1 percent of all scrap exports.

Total May ferrous scrap exports were 15.7 percent higher than previous month but 27.8 percent lower than the same month one year ago. Although May exports were increased over April, there were fluctuations as much as 130,000 tons up and 68,000 tons down, with large fluctuations in shipments to Turkey, Taiwan, China, Korea, Egypt, Vietnam, Pakistan, and Malaysia. Compared to the same month one year ago, there are also significant differences in tonnage levels going to the select countries we follow, but the overall results shows imports down 656,632 tons.

The table below lists the top ten importing countries along with the total amount of exported ferrous scrap.

SMU Note: You can view the interactive graphic of our ferrous scrap exports history below, but only when you are logged into the website and reading the newsletter online. If you have not logged into the website in the past and need to know your log in information, please contact us at: info@SteelMarketUpdate.com or by calling 800-432-3475.

{amchart id=”106″ Ferrous Scrap Exports – Total and Top 10 Countries}