US ferrous scrap exports climbed by 12pc in H1 2021 to 8.8mn mt from 7.8mn mt in the same timeframe last year, according to US Census Bureau data.
The country’s exports also increased correspondingly by 11pc in June to 1.5mn mt from 1.34mn mt in the same month of 2020.
Malaysia regained its top position as an importer with 114pc more inbound cargo of ferrous scrap at 251,456mt in June against 117,782mt in the same month of 2020. Mexico was the second-largest importer, with 1.8 times more shipments at 180,810mt from 65,091mt. Vietnam dropped to third place from second, with 123pc more volumes to settle at 180,536mt compared with 80,940 last June.
Exports decreased across both coasts in June. East Coast ferrous scrap exports amounted to 567,602mt down from 791,748mt in May while the West Coast shipped 191,484mt a decline from 562,974mt of ferrous scrap in the prior month.
Canada imported 40,642mt of US ferrous scrap this June against 34,177mt of US ferrous scrap in the prior month, signifying a 19pc rise.
In H1 2021, the US exported 328,822mt of ferrous scrap to Canada, a fall of 37pc from 525,925mt during the same prior-year period. Mexico imported 1.4mn mt, up 68pc from 826,935mt during the same timeframe under review.