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Nonferrous scrap exports slide in January

Keywords: Tags  nonferrous scrap, scrap exports, aluminum, used beverage cans, UBCs, copper, lead, nickel zinc

NEW YORK — U.S. exports of nonferrous scrap fell in January on the back of a significant decline in aluminum and copper scrap volumes, which together represented more than 95 percent of shipments abroad for the month.

Nonferrous scrap exports tracked by AMM totaled 261,628 short tons in the first month of the year, according to the latest U.S. Commerce Department data, down 7.4 percent from 282,413 tons in January 2012 and 7.1 percent below the 281,507 tons shipped abroad in December 2012.

While aluminum remained the single-largest nonferrous scrap export commodity, exports recorded the largest year-on-year volume loss, falling more than 12,000 tons (7.5 percent) to 149,954 tons in January. Shipments were also weaker month on month, falling 4.6 percent from December’s 157,112 tons.

Meanwhile, copper scrap exports fell to 99,466 tons in January, down 6.8 percent year on year and a 7-percent decline from December levels.

Exports of lower-volume nonferrous scrap materials declined even more dramatically, percentage-wise, in the first month of the year.

Nickel scrap exports of 1,846 tons in January fell 28.8 percent year on year, while exports of aluminum used beverage cans fell 23.9 percent to 2,687 tons in the same comparison.

Zinc and lead scrap were the only categories to register gains in January, rising 5.1 percent and 0.8 percent, respectively, to 4,784 tons and 2,891 tons compared with the same month last year.

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