NEW YORK U.S. exports of
nonferrous scrap showed mixed results in February.
Shipments remained depressed
compared with a year earlier as exporters continued to face
lower demand from key consumers in Far East Asia, but were up
from January to the highest level in four months.
Exports of the major nonferrous
scrap metal categories tracked by AMM totaled 292,906
short tons in February, according to the latest U.S. Commerce
Department data, down 6.7 percent from 314,107 tons in February
2012 but up 12 percent from 261,628 tons in January to the
highest level since October, when 317,963 tons were shipped
All of the major categories
except lead registered declines in February compared with a
year earlier, with aluminum posting the biggest volume loss as
exports fell 8.5 percent to 166,890 tons from 182,314 tons.
Copper, the second-largest nonferrous scrap category by volume,
saw exports drop 3.5 percent to 110,649 tons in the same
However, both aluminum and
copper posted increases of more than 11 percent compared with
Zinc scrap exports totaled 7,909
tons in February, down 6.7 percent year on year but up 65.3
percent from January.
Lead was the only category to
buck the year-on-year trend, with exports rising 49.3 percent
to 3,353 tons. It also posted a monthly increase of 16
Meanwhile, two categories
registered month-on-month declines in February, with aluminum
used beverage cans falling 15.4 percent to 2,272 tons and
nickel scrap down 0.7 percent to 1,833 tons. The two categories
also fell year on year, declining 50.4 percent and 6.6 percent,