With the recent trade release by The United States Customs, it is legible that the nation exported around 1.69 MnT ferrous scrap during Aug’16, registered a growth of 106% M-o-M against 0.82 MnT exported during Jul’16. On similar lines, the nation registered a growth of 82% Y-o-Y in Aug’16 against 0.93 MnT exported during Aug’15.
USA exported 12.30 MnT ferrous scrap during CY’15. Major export destination for USA ferrous scrap during Aug’16 were Mexico, Turkey, Taiwan and Bangladesh.
• USA exported 0.65 MnT to Mexico during Aug’16, registered a growth of around 330% M-o-M against 0.15 MnT exported during Jul’16. Export were up by 829% Y-o-Y in Aug’16 against 0.07 MnT ferrous scrap exported during Aug’15.
• USA exported 0.34 MnT to Turkey during Aug’16, witnessed a growth of 55% M-o-M and 13% Y-o-Y. The nation exported 0.22 MnT during Jul’16 and 0.30 MnT during Aug’15.
• USA exported 0.15 MnT to Taiwan during Aug’16, registered a growth of 15% M-o-M in Aug’16 and 114% Y-o-Y. The nation exported 0.13 MnT during Jul’16 and 0.07 MnT during Aug’15.
• USA exported 0.12 MnT to Bangladesh during Aug’16, registered a growth of 1100% M-o-M and 500% Y-o-Y. The nation exported 0.01 MnT ferrous scrap to Bangladesh during Jul’16 and 0.02 MnT during Aug’15.
Grade Wise Ferrous Scrap Export by USA
| Grade | Aug-15 | Jul-16 | Aug-16 | M-o-M | Y-o-Y |
| Shredded Steel Scrap | 0.32 | 0.23 | 0.50 | 113% | 56% |
| No 1 Bundles Steel Scrap | 0.01 | 0.02 | 0.46 | 2098% | 4446% |
| No 1 Heavy Melting Steel Scrap | 0.28 | 0.30 | 0.36 | 22% | 28% |
| Other Ferrous Scrap | 0.11 | 0.12 | 0.17 | 46% | 49% |
| Cut Plate And Structural Steel Scrap | 0.08 | 0.03 | 0.07 | 153% | -20% |
| Alloy Steel Waste And Scrap Not Stainless | 0.04 | 0.04 | 0.07 | 53% | 70% |
| No 2 Heavy Melting Steel Scrap | 0.05 | 0.04 | 0.04 | 2% | -14% |
| Cast Iron Waste And Scrap | 0.01 | 0.01 | 0.02 | 16% | 79% |
| Shavings,chips,etc. | 0.01 | 0.02 | 0.01 | -60% | -50% |
| Tinned Iron Or Steel Waste And Scrap | 0.01 | 0.00 | 0.01 | 27% | -17% |
| Grand Total | 0.93 | 0.82 | 1.69 | 106% | 82% |
Source: USA Custom
Quantity in MnT
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