US ferrous scrap exports totaled 12.1 million tonnes (mnt) in 2025, down 16% y-o-y from 14.5 mnt in 2024, marking the lowest level in over two decades (12 mnt in 2004).
The decline in exports has been primarily driven by the impact of higher steel import tariffs, which have strengthened domestic steel production and increased scrap consumption within the US market. While global markets faced demand-side challenges, stable US steel production and firm pricing encouraged higher domestic scrap usage, limiting export availability.
Leave a Reply