Prices
January Ferrous Scrap Exports Cut in Half
Written by Brett Linton
March 15, 2016
January ferrous scrap exports totaled 607,272 net tons (550,909 metric tons) with Turkey, India, Mexico, Peru, and Taiwan being the top five countries receiving scrap from the United States. These five countries accounted for 67.3 percent of all scrap exports.
Total January ferrous scrap exports were 53.9 percent lower than previous month and 47.1 percent lower than the same month one year ago. The last time total ferrous scrap exports were this low was in September 2001 when 578,952 tons of ferrous scrap was exported. The most significant change month over month went to Turkey, with a decrease of 394,301 tons from December to January and at the lowest levels seen since April 2013.
The table below lists the top eight importing countries along with the total amount of exported ferrous scrap.
Below is a graph showing the history of total ferrous scrap exports, to use it’s interactive features and explore different countries you must visit out website by clicking here. If you need assistance with either logging in or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
Brett Linton
Read more from Brett LintonLatest in Prices
SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.
Price gap between US HRC, most imports narrows slightly
In dollar-per-ton terms, US product is on average $141/st less than landed import prices (inclusive of the 50% tariff). That’s down from $148/st last week.
SMU price ranges: Sheet ticks higher, plate stable
Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
Atlas Tube up $50/ton following NLMK USA sheet price hike
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).