By Paul Ploumis (ScrapMonster Author)
March 21, 2016 07:49:13 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 January this year have declined over the previous year. The exports too dropped during the month.
According to data, the US imports of brass mill products during January totaled 33.532 million lb, 16.4% lower when compared with 40.116 million lb imports registered during January 2015. The cumulative brass mill products import by the US during the year 2015 had amounted to 484.82 million lb. Also, cumulative brass mill products exports by the US during the entire year 2015 amounted to 244.10 million lb, down by 4% from the exports of 253.37 million lb during 2014.
The main exporter of brass mill products to the US during January was Germany. The total imports from Germany during the month totaled 7.214 million lb. South Korea followed Germany with total exports to US amounting to 4.712 million lb. In third place was Mexico. The brass mill products imports by the US from Mexico totaled 4.166 million lb during the month. The other key exporters were Canada (3.262 million lb) and China (1.871 million lb).
Imports of all sheet, strip, plate and foil products totaled 9.533 million lb in January. All pipe and tube products imports totaled 14.066 million lb. Imports of all profiles, rods and bars totaled 6.989 million lb. Copper alloy wire imports totaled 2.943 million lb.
In accordance with the data released by the CBFC, the US exports of brass mill products totaled 17.876 million lb in January this year, 11.8% down from the exports of 20.257 million lb during January 2015.
The key export destination for US brass mill products during Jan ’16 was Mexico. The exports to Mexico totaled 7.819 million lb. The other key importers during the month were Canada (4.869 million lb), China (592,224 lb), UAE (447,920 lb) and Thailand (413,528 lb).
Exports of all sheet, strip, plate and foil products totaled 6.691 million lb in January 2016. All pipe and tube products exports totaled 3.826 million lb. Exports of all profiles, rods and bars totaled 5.492 million lb. Copper alloy wire exports totaled 1.867 million lb.