US ferrous scrap exports declined by 9pc in January to 1.09mn mt from 1.48mn mt in the same month of 2020, according to US Census Bureau data.
Shipments to Turkey, the largest importer in January, fell 23pc to 264,77mt from 343,184mt a year ago. Mexico followed at 196,450mt as the second-largest importer, with its shipments growing by 50pc from 130,388mt in January 2020. Bangladesh’s imports increased by 39pc in January, with the country accepting 91,431mt of ferrous scrap, compared with 65,877mt in the same month of 2020.
East coast ferrous scrap exports amounted to 521,065mt, down from 562,410mt in December. The West Coast shipped 245,171mt of ferrous scrap, up from 232,502mt in the prior month.
Canada imported 53,653mt of US ferrous scrap in January, down 3pc from the same month last year. Meanwhile, Mexico’s imports grew by 51pc annually to 196,450mt.
In the full year 2020, the US exported 728,337mt of ferrous scrap to Canada, a rise of 19pc from 609,596mt in 2019. Mexico has imported 1.84mn mt in 2020, up 33pc from 1.39mt in the prior year.