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Peru emerges as major scrap export destination

Mar 04, 2014 | 05:33 PM |

Tags  ferrous scrap, scrap exports, shred, heavy melt, HMS, Peru, Ecuador, Turkey China

NEW YORK — Peru and Indonesia were surprise entries in the list of top 10 trade routes for U.S. shredded scrap exports in 2013 in a list otherwise dominated by traditional importers like Turkey, China, South Korea and Taiwan.

Exports of shredded scrap to Peru from ports in New York were the seventh-highest trade route by volume in 2013, totaling 186,403 tonnes at an average price of $353 per tonne f.a.s. New York, U.S. Commerce Department data show.(Click here for total 2013 shredded scrap volumes by trade route)

Bulk cargo sales of shredded scrap to Peru from New York during May, June, July, September and November were large enough to propel the South American nation into the top 10 destinations for shredded from a single port region in 2013.

Across all ferrous scrap grades, exports to Peru nearly doubled to 339,483 tonnes last year from 184,702 tonnes in 2012, making it the 12th-largest importer of U.S. ferrous scrap.

Peruvian mills received most of their shipments last year from New York, but material also was shipped via Boston, Tampa, Fla., and San Francisco.

Meanwhile, containerized shipments of shredded scrap to Indonesia from Miami finished ninth on the list of U.S. trade routes, with 155,050 tonnes shipped at an average price of $365 per tonne f.a.s. Miami.

Not surprisingly, New York to Turkey was the top trade route for shredded scrap exports last year at 545,808 tonnes at an average price of $363 per tonne f.a.s. New York; while Boston to Turkey finished second at 402,255 tonnes at an average price of $359 per tonne.

Los Angeles to Taiwan, Philadelphia to Turkey, San Francisco to China, and San Francisco to South Korea were the next four top shredded export routes last year, with Los Angeles to Korea and Portland to Korea finishing eighth and tenth, respectively.

Ferrous scrap exporters overall also logged strong gains in volumes shipped to Italy, which finished 2013 at 120,405 tonnes vs. 61,141 tonnes in 2012, and Ecuador, which booked 70,934 tonnes of U.S. ferrous scrap in 2013, up from 36,612 tonnes in 2012. Data show shipments of shredded scrap from Boston and Philadelphia ports to Ecuador in 2013.

For the relatively rare trade routes recorded last year, shredded exports from Houston to Portugal, Boston to Tunisia, San Francisco to Kuwait and New York to Morocco stood out from more typical U.S. export routes.

New York ports ended 2013 as the top originating port for shredded exports, with slightly more than 1 million tonnes shipped at an average price of $364 per tonne f.a.s. New York, while Los Angeles ports headed the list for No. 1 heavy melt exports at 1.4 million tonnes at an average price of $362 per tonne f.a.s. Los Angeles. (Click here for 2013 total shredded scrap exports by port district)

Total U.S. ferrous scrap exports for all grades to all destinations fell to 18.4 million tonnes in 2013, down 13.5 percent from the previous year due to weaker demand from the country’s largest importers: Turkey, Taiwan and South Korea.

For No. 1 heavy melt scrap exports (Click here for total 2013 No. 1 heavy melt volumes by trade route), Los Angeles to Taiwan beat New York to Turkey as the top trade route in 2013, with 907,823 tonnes shipped at an average price of $363 per tonne f.a.s. Los Angeles. Exporters shipped 824,091 tonnes of No. 1 heavy melt from New York to Turkey at an average price of $354 per tonne f.a.s. New York. (Click here for 2013 total No.1 heavy melt scrap exports by port district)

Heavy melt exports to Turkey from Philadelphia, Houston and Boston ports rounded out the top five trade routes for heavy melt exports.

Paul Schaffer, New York, contributed to this article.

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