[Scrap Export]US scrap exports dropped further in June

By Paul Ploumis 11 Aug 2015  Last updated at 03:00:25 GMT

The US scrap exports declined during the month of June this year. The exports totaled 1.01 million tons during the month. Turkey remained the largest destination of US scrap exports.

ALBANY (Scrap Monster): The scrap exports by the US during the month of June this year continued to decline, according to the latest trade data released by the US International Trade Commission. The scrap exports by the country which had been in a declining trend since the start of the New Year, had rebounded slightly in March. However, the exports have recorded third straight month of decline since then.

As per data, the country’s scrap exports totaled 1.01 million tons during June ‘15. The exports were down by 8.8% when compared with the exports during the same month a year ago. The US scrap exports during June 2014 had totaled 1.108 million tons. When compared with the previous month exports of 1.05 million tons, the scrap exports during June ’15 were down nearly 4%.

The largest export destination of US scrap was Turkey. The US scrap exports to Turkey totaled 361,289 tons in June ‘15. The scrap exports to Turkey accounted for more than 35% of the total scrap exports by the US during the month. The US scrap exports to Turkey during May ’15 had totaled 350,000 tons.

The second largest importer of US scrap was Taiwan. The US scrap exports to Taiwan totaled 152,725 tons, dropping significantly by nearly 30% when compared with the exports of 219,000 tons during the previous month. In third place was Thailand with 116,964 tons.

The cumulative scrap exports during the initial six months of the year totaled 6.74 million tons, down by nearly 12% when compared with the exports made by the country during the corresponding six-month period in 2014.

The projected scrap exports by the country for the whole year 2015 stands at 13.50 million tons.