According to the latest figures from the US International Trade Commission, US iron and steel scrap exports totaled 1,554,240 mt in January 2020, a 14.6 percent increase month-on-month and a 57.1 percent increase year-on-year.
Malaysia was the largest recipient of US iron and scrap exports in January with 372,829 mt, surging up 774.6 percent month-on-month and 490.2 percent year-on-year. Other notable destinations in January include: Turkey, with 343,184 mt; Taiwan, with 144,569 mt; Mexico, with 132,583 mt; and Bermuda, with 80,035 mt.
In terms of value, US iron and steel scrap exports totaled $394.7 million in January 2020, a 9.6 percent decrease compared to December and a 24.2 percent increase compared to January 2019.