Mexico’s ferrous scrap imports climbed by 56pc to 776,301mt in Q1 2021, from 497,980mt in the same period of 2020. In contrast, scrap exports fell by 14pc to 167,679mt during the same timeframe from 194,117mt last year, according to Mexican Customs data.
The country’s ferrous scrap imports increased by 80pc to 319,780mt in March 2021 from 177,678mt during the same month last year. Imports also rose 43pc this March from 224,200mt, in February 2021.
Of the total imports, 318,533mt was shipped from the US making it the biggest exporter. The Dominican Republic emerged as a new exporter in 2021 with 499mt sold to Mexico, and Belize exported 360mt this March.
Total ferrous scrap exports from Mexico fell 7pc to 65,798mt in March 2021 from 70,769mt in the same month last year. On the other hand, exports of the commodity rose 24pc this March from 53,053mt in February this year.
Of the total exports, 55,273mt was shipped to the US, 3,484mt to Taiwan, 2,410mt to South Korea, and 1,138mt to Spain.