U.S. Exports of Nickel Scrap Posted Sharp Decline Through October

SEATTLE (Scrap Monster): The U.S. exports of nickel waste and scrap registered huge decline during the initial ten-month period of the current year. The latest trade data published by the U.S. Census Bureau indicates that the exports collapsed by over 20% during this period. This is upon comparison with the same period a year before. The exports were valued at $110.77 million as compared with $138.58 million a year before.

Through October this year, the top trade partner of the U.S. was Canada. The nickel scrap exports from the U.S. to Canada totalled $65.67 million, accounting for more than 59% of all shipments b the U.S. The exports to Canada witnessed huge decline by nearly 39% over the previous year. The second largest destination of exports was Japan, whose imports from the U.S. totalled $11.90 million. In third place was the UK with imports of $9.08 million. The other key export destinations were Australia ($6.49 million) and Germany ($4.28 million).

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The U.S. imports of nickel scrap recorded a year-on-year decline of 1.96% in Jan-Oct ’19. The imports dropped from $273.31 million to $267.96 million through the first ten months of 2019. The leading sources of import were the UK ($73.93 million), Russia ($35.68 million), Canada ($34.43 million), Mexico ($24.55 million) and Japan ($21.14 million). These five countries together supplied more than 70% of all nickel waste and scrap imported by the U.S. during Jan-Oct ’19.