Canada: Ferrous scrap exports plunge by 19% q-o-q in Q1CY’25

  • Canada’s ferrous scrap exports declined by 19% to 0.89 mnt in Q1CY’25 from 1.10 mnt in Q4CY’24.
  • On a y-o-y basis, exports decreased by 22% from 1.14 mnt in Q1CY’24.
  • In Q1CY’25, the US led the importers list with 736,049 t, accounting for over 70% of the total volume, followed by India (53,921 t), Thailand (53,771 t), and Pakistan (22,657 t).
  • In Mar’25, Canada exported 351,974 t of ferrous scrap.