U.S. Sees Nickel Scrap Exports Decline Sharply

SEATTLE (Scrap Monster): The U.S. exports of nickel waste and scrap registered marginal decline during the initial two-month period of the current year. The trade statistics published by the U.S. Census Bureau indicates that the exports declined by approximately 24% during this period, when compared with the prior year. The Jan-Feb ’20 exports were valued at $19.95 million as compared with $20.36 million a year before.

From January to February in 2020, the top trade partner was Canada. The nickel scrap exports from the U.S. to Canada totalled $11.29 million. The country accounted for nearly 57% of all U.S. shipments. The exports to that country witnessed huge decline by almost 17% over the previous year. The second largest destination of exports was Japan, whose imports from the U.S. totalled $2.23 million. In third place was Australia with imports of $1.72 million. The other key export destinations were the UK ($1.55 million) and Germany ($853,807).

Meantime, the U.S. imports of nickel scrap recorded a year-on-year surge by 13.5% in the opening two months of 2020. The imports totalled $43.89 million during this period. The top five sources of import were the UK ($13.05 million), Canada ($5.64 million), Mexico ($4.24 million), Japan ($4.13 million) and Germany ($3.94 million).

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