Author: Paul Ploumis
12 Feb 2015 Last updated at 07:49:16 GMT
SEATTLE (Scrap Monster): The latest statistics released by the US Department of Commerce (DOC) indicates that the country’s Nickel scrap exports were down by 26% in December ’14 when compared with the previous month. However, the cumulative exports during the entire year 2014 soared higher by over 18%.
The nickel scrap exports during December ’14 totaled 1,736 tons, down 26% when compared with the exports during November last year. The US Nickel scrap exports during November 2014 had totaled 2,346 tons. The sharp fall in Nickel prices accounted for the sharp decline in Nickel scrap exports from the country during the month.
The average export price during Dec ’14 surged higher by nearly 1.7% over the previous month. The export prices averaged at $4,444.62 per ton. The Nickel scrap export prices had averaged at $4,471.30 per ton during November last year.
The US Nickel scrap exports totaled 30,758 tons during the entire year 2014. The yearly exports grew by 18.3% over the previous year. The country’s Nickel scrap exports had totaled 26,000 during 2013.
