Steel Products Prices North America
May 10, 2014
March Ferrous Scrap Exports Highest in 2014
Written by Brett Linton
March ferrous scrap exports totaled 1,466,528 net tons (1,330,413 metric tons) with Turkey, Taiwan, Korea, Egypt, and Mexico the top five countries receiving U.S. scrap. These countries received 69.3 percent of all scrap exports.
Total March ferrous scrap exports were 11.1 percent higher than previous month but 32.3 percent lower than the same month one year ago. This increase over the previous month is primarily attributed to exports going to Turkey, Taiwan, and Egypt. Compared to the same month one year ago, all of the countries received significantly less shipments in March of this year, while exports going to Mexico significantly increased.
