US steel scrap exports drop 3.32 percent in July over June

According to the statistics released by the US International Trade Commission (US ITC), in July this year US steel scrap exports declined by 3.32 percent compared to the previous month to 1.65 million metric tons, up 1.87 percent year on year.
 
In July, China was the number one export destination of US steel scrap, with exports amounting to 398,115 metric tons, up 15.96 percent as compared to June and down 22.52 percent year on year. China was followed by Turkey, which increased its steel scrap imports from the US by 84.03 percent month on month to 308.160 metric tons, up 2.71 times as compared to July 2009.
 
Meanwhile, in the first seven months of this year US steel scrap exports amounted to 11.31 million metric tons, declining by 12.51 percent as compared to the corresponding period of 2009.
 
In the January-July period of 2010, US steel scrap exports to Turkey amounted to two million metric tons, decreasing by 2.23 percent, while US steel scrap exports to China totaled 1.95 million metric tons, down 51.83 percent, and its steel scrap exports to South Korea came to 1.9 million metric tons, up 15.62 percent, all compared to the first seven months of 2009.