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

US ferrous scrap exports rose by 33.8pc in November, driven by increases to Turkey and Bangladesh. 


Exports in November totaled 1.5mn mt, increasing over the 1.1mn mt ferrous scrap exports during the same period in 2018. Through the first 11 months of 2019, the US exported 15.1mn mt of ferrous scrap. Compared to the same 11-month period in 2018, total exports declined by 6.4pc from 16.1mn mt.


Turkey accounted for the largest share of US exports increasing by 39.2pc to 427,064mt from 306,902mt it imported from the US in November 2018. Between January and November 2019, exports to Turkey reached 3.46mn mt—1.6pc more than the 3.41mn mt exported during the same period one year prior.


Exports to Bangladesh in November 2019 surged by 146.7pc to 157,792mt from 63,963 a year earlier. Through the first 11 months of 2019, Bangladesh imported 945,350mt of US ferrous scrap, increasing by 8.8pc compared to the same period in 2018 when it imported 868,497mt.


Mexico-bound ferrous exports from the US totaled 108,291mt in November 2019, down by 1.3pc from the same month a year earlier when 109,707mt of US ferrous scrap was exported to the country. Between January and November 2019, the US exported 1.3mn mt of ferrous scrap to the country, which, when compared to the same period a year ago—when exports totaled 1.7mn mt—decreased by 26.1pc.


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