[SMM Steel] US scrap exports decline in February amid weaker demand

Published: Apr 16, 2026 18:30

Save

[SMM Steel] United States iron and steel scrap exports totaled 849,092 mt in February, down 9.6% MoM and 19.6% YoY. Turkey remained the top buyer at 259,471 mt (-16.3% MoM), followed by Mexico, Thailand, and Taiwan. Export value fell to $426.75 million. In the short term, lower scrap flows may tighten supply for import-dependent markets while reflecting softer buying activity.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 hours ago

Tender for Wires and Cables for Electrical Engineering of the 2026 Old Community Renovation Project in Tiedong District, Anshan City by Electrical Installation Team 1 of the Electromechanical Company

16 hours ago

[SMM Steel] 7.31 SMM Global Steel Daily Report

[Brazil] Higher freight offsets falling export offers as Brazil's flat-product import prices steady Brazil's flat-product import prices were broadly steady this week, as elevated ocean freight effectively offset the decline in export offers from major shipping origins. HRC and CRC import prices steadied at 590 and 700 USD/tonne CFR respectively. Recent geopolitical turbulence in the Middle East has pushed up marine fuel costs, while weak Asian demand and softer raw materials prompted Vietnamese mills to cut export offers. On the domestic front, dragged by weak downstream demand, tight credit and rising inventories, Brazil's domestic HRC ex-works prices were flat this week, with no price increase planned for August. In addition, Brazilian slab export trading also slowed this week as major exporters made internal transfers to their own plants in Europe and the United States at offers of 575-585 USD/tonne FOB.

16 hours ago

17 hours ago

MMi Daily Iron Ore Report (July 31)

The iron ore market showed a lackluster performance on the spot today. The DCE main contract I2609 closed at 715 yuan/ton, down 3.31% from the previous trading session. Spot prices at Qingdao Port fell by 15-20 yuan/ton from the previous trading day.

17 hours ago