US Nickel scrap exports declined in February

Author: Paul Ploumis
13 Apr 2015 Last updated at 08:32:01 GMT
SEATTLE (Scrap Monster): The latest statistics released by the US Department of Commerce (DOC) indicates that the country’s Nickel scrap exports declined sharply by 23% in February this year when compared with the previous month. However, the average export price of nickel scrap climbed higher in comparison with the previous month.

The nickel scrap exports during February ‘15 totaled 1,871 tons, dropping sharply by 22.9% when compared with the exports during January this year. The country’s Nickel scrap exports during first month of the year had totaled 2,425 tons. The exports to Japan and Sweden dropped significantly, during the month, thereby resulting in monthly dip in nickel scrap exports by the country. On the other hand, nickel scrap exports to Australia surged higher by nearly 2.3 times during Feb ’15.

The average export price during Feb ’15 has seen considerable increase of nearly 27.0% over the previous month. The export prices averaged at $5,304.44 per ton during the month. The Nickel scrap export prices had averaged at $4,175.28 per ton during January this year.

The cumulative nickel scrap exports during the initial two-month period of the year totaled 4,296 tons.