US iron and steel scrap exports fall 3.6 percent in March

According to the latest figures from the US International Trade Commission, US iron and steel scrap exports totaled 995,288 mt in March, which represents a 3.6 percent decline month-on-month and a 19.1 percent decrease year-on-year.

Turkey was the largest recipient of US iron and scrap exports in March, with 247,891 mt, which is down 5.4 percent month-on-month but up 15.4 percent year-on-year. Other notable destinations in March include: India, with 150,381 mt; Mexico, with 120,087 mt; Korea, with 107,750 mt; and Taiwan, with 105,007 mt.

In terms of value, US iron and steel scrap exports totaled $252.8 million in March, a 2.6 percent increase compared to February but a 33.5 percent decrease compared to March 2015.