U.S. Exports of Nickel Scrap Reported Notable Decline

SEATTLE (Scrap Monster): The most recent statistics published by the US Census Bureau suggests significant decline in exports of nickel waste and scrap by the country during the initial seven-month period this year. The exports were down considerably by nearly 29% over the previous year. The exports of nickel waste and scrap totalled $53.87 million during Jan-Jul ’20 as compared with the exports of $75.63 million during the similar seven-month period in 2019.

The primary importer of nickel waste and scrap from the US was Canada. The YTD imports by Canada nosedived by nearly 48% from the previous year to total $24.82 million. The second largest destination was Japan, which imported $8.75 million worth of nickel waste and scrap from the US. The exports to the UK skyrocketed from the year before to $6.03 million. The other key export destinations were Australia ($4.09 million) and Germany ($2.44 million).

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The top five importers together accounted for nearly 86% of all the nickel waste and scrap exported by the US through July this year.

Meantime, imports of nickel waste and scrap by the US have dropped by 26% during the YTD period through July. The imports totalled $130.97 million during Jan-Jul ’20. The top five sources of US imports were the UK, Russia, Canada, Germany and Mexico.