US Scrap Exports down In July but still on pace to reach record high

The U.S. Census Bureau released trade data this past week
which indicated scrap exports out of the U.S. were slightly lower for the month
of July at $3.3 billion vs. $3.5 billion in June.

According to information published by ISRI late last week,
the lower volumes in July are typical seasonal patterns and U.S. scrap exports
are still on pace to shatter last year’s record.

The largest increases of scrap purchases out of the U.S.
have come from: China (+38% to $6.5 billion), Europe (+55% to $2.8 billion),
Turkey (+86% to $1.3 billion).