NEW YORK Nonferrous scrap
exports were basically flat in December, although domestic
traders noted continued demand from consumers in China and
"Weve noticed that traders
in India appear to be looking for material," one lead scrap
trader told AMM. "It sounds like their economy has
improved and they are now ready to enter the market in a
Lead scrap exports strengthened
to 2,482 short tons in December, up 32.7 percent from 1,870
tons in November, according to data from the U.S. Commerce
Also posting gains were aluminum
and zinc, increasing 0.7 percent and 9.7 percent,
Aluminum scrap exports totaled
157,112 tons in December compared with 156,019 tons a month
earlier, while zinc scrap exports reached 10,910 tons vs. 9,943
tons in the same comparison.
However, the gains werent
enough to boost the overall export tally, with nonferrous scrap
exports for the grades tracked by AMM edging 0.1
percent lower to 281,507 short tons in December from 281,850
tons a month earlier.
Copper scrap exports dipped 0.9
percent to 107,004 tons from 107,929 tons a month earlier,
although market participants noted strong demand from Chinese
"Things seem to tight here. ...
People are overpaying to get material," one copper scrap trader
said. "The rest of the world, however, seems to be doing pretty
well. I dont have to chase down spreads because I can
ship product internationally."
Nickel scrap exports dropped 4.5
percent to 2,134 tons from 2,235 tons in November, and used
beverage cans (UBCs) plummeted 51.6 percent to 1,865 tons in
December from 3,854 tons a month earlier.
Nonferrous scrap exports for the
year totaled 3,647,505 tons, down 3.2 percent from 3,768,902
tons in 2011.