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

Ferrous scrap exports from Canada increased by 44pc to 455,832mt in January compared to 317,516mt in the same month last year according to the country’s Customs data. However, its ferrous scrap exports declined by 8pc in January from 497,471mt shipped in December 2020.


Canada’s shipments to Pakistan rose four times in January to 4,667mt from 1,556mt in January 2020 and was up 3pc from 4,524mt in the previous month. In terms of volumes, the US remained the biggest importer of Canadian scrap at 354,431mt, up 40pc from 253,380mt in January last year and by 10pc from 323,108mt in December 2020.


Exports to Mexico and Brazil, which had not taken any Canadian scrap shipments in January 2020, rose 100pc on an annual basis to 27,000mt each, respectively. Meanwhile, exports to Mexico in January were flat compared to December and shipments to Brazil declined by 18pc from 33,000mt during the same comparative period.


On a monthly basis, ferrous scrap exports to Vietnam witnessed the steepest decline, dropping by 58pc to 3,399mt in January compared to 8,082mt in December 2020.


During the full year 2020, Canada exported 4.51mn mt of ferrous scrap down from 4.35mn mt exported in 2019.

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