September Ferrous Scrap Exports Down 8.4%

September ferrous scrap exports totaled 1,548,020 metric tons (1,706,398 net tons) with Turkey, Korea, Taiwan, China, Mexico, and Canada being the top five recipients of U.S. collected scrap. Of the higher ranking countries in the table below, there was month-over-month increase in exports going to Korea and Mexico over the August figures, but a decrease in exports going to all of the other countries listed.

Total September ferrous scrap exports were 8.4 percent lower than previous month and 5.2 percent lower than the same month one year ago. This decrease over the previous month is primarily attributed to exports going Taiwan, China, and India, although we should point out that there was a significant increase in shipments going to Korea and Mexico also. Compared to the same month one year ago, Turkey and India received fewer tons of scrap, while exports going to Taiwan, China, Korea, Egypt, and Mexico all increased.