US iron and steel scrap exports up 17.6 percent in May

Wednesday, 08 July 2020 20:23:56 (GMT+3)   |   San Diego

According to the latest figures from the US International Trade Commission, US iron and steel scrap exports totaled 1,399,638 mt in May 2020, a 17.6 percent increase month-on-month and a 20.1 percent decrease year-on-year.

Turkey was the largest recipient of US iron and scrap exports in May with 297,816 mt, up 21.0 percent month-on-month but down 12.8 percent year-on-year. Other notable destinations in May include: Bangladesh, with 274,640 mt; Taiwan, with 146,739 mt; Mexico, with 131,005 mt; and Canada, with 129,948 mt.

In terms of value, US iron and steel scrap exports totaled $352.7 million in May 2020, a 12.2 percent increase compared to April and a 32.6 percent decrease compared to May 2019.

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