Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Ferrous scrap exports from Canada increased by 22pc to 349,351mt in February compared to 286,580mt in the same month last year, according to the country’s Customs data. The figures, however, were 23pc lower in February from 455,832mt shipped out of the country in January 2021.


In terms of volume, the USA remained the highest importer of ferrous scrap from Canada with 23pc higher shipments in February at 306,874mt compared to 249,117mt in the same month of 2020. On a monthly basis, however, exports were 13pc lower from 354,431mt in January. 


Shipments to Taiwan followed the same trend as the USA. Though exports were up 34pc at 8,852mt this February compared to 6,599mt in the prior year, there was a 38pc decline from 14,374mt in January 2021.


Canada’s ferrous scrap exports to India have declined consistently, with a 55pc decrease in February at 7,525mt from 16,584mt last year. Shipments were down 44pc from 13,410mt in the previous month. 


The demand for Canadian ferrous scrap from Thailand is trending upward. Shipments were up 454pc in February 2021 at 4,180mt from 754mt in the prior year. On a monthly basis, Canada exported 150pc more ferrous scrap in February from 1,673mt in January 2021.


Full-year 2021 ferrous scrap exports from Canada stand at 805,183mt until February 2021. Monthly trends show that the country’s scrap exports for January 2021 were 44pc higher at 455,832mt than the prior-year month which was 317,516mt, whereas February 2021 numbers increased only 22pc from the same time last year.

Leave a Reply

Your email address will not be published.