By Paul Ploumis (ScrapMonster Author)
January 13, 2016 07:44:55 AM
SPOKANE (Scrap Monster): According to the Copper and Brass Fabricators Council (CBFC), the imports of brass mill products by the US during the month of October have declined over the previous year. The exports too dropped during the month.
According to data, the US imports of brass mill products during October totaled 36.8 million lb, 20% lower when compared with 45.7 million lb imports registered during October 2014. The cumulative brass mill products import by the US during the initial ten months of the year amounted to 417.7 million lb, modestly lower by 7.0% when compared with the cumulative imports of 449.0 million lb during the corresponding ten-month period in 2014.
The main exporter of brass mill products to the US during October was Germany. The total imports from Germany during the month totaled 9.18 million lb. South Korea followed Germany with total exports to US amounting to 5.05 million lb. In third place was Mexico. The brass mill products imports by the US from Mexico totaled 4.19 million lb during the month. The other key exporters were Canada (3.73 million lb) and Peru (2.04 million lb).
Imports of all sheet, strip, plate and foil products totaled 12.004 million lb in October. All pipe and tube products imports totaled 12.899 million lb. Imports of all profiles, rods and bars totaled 8.542 million lb. Copper alloy wire imports totaled 3.315 million lb.
In accordance with the data released by the CBFC, the US exports of brass mill products totaled 20.3 million lb in October this year, 3.4% down from the exports of 20.992 million lb during October 2014.
Exports of all sheet, strip, plate and foil products totaled 7.968 million lb in October 2015. All pipe and tube products exports totaled 3.680 million lb. Exports of all profiles, rods and bars totaled 6.225 million lb. Copper alloy wire exports totaled 2.413 million lb.
The cumulative brass mill products exports by the US during the initial ten months of the year amounted to 208.794 million lb, down by 3% from the exports of 215.189 million lb during January to October in 2014.