NEW YORK U.S.
nonferrous scrap exports rose month on month in May, but
continued to trend below year-ago volumes for the seventh
Strict changes earlier
this year to policies governing Chinese imports and an overall
decline in demand from Chinathe largest importer of U.S.
nonferrous scraphave had an adverse impact on U.S.
exports of aluminum and copper and brass scrap, according to
Monthly export volumes
have finished well below the corresponding months of 2012 since
last November. Nonferrous scrap exports totaled 287,886 short
tons in May, down 10 percent from 319,901 tons in May 2012
although up 13.5 percent from April.
shipments abroad, excluding used beverage cans (UBCs), stood at
164,832 tons, down 12.1 percent from 187,466 tons in May 2012
but up 12.9 percent from April this year. China (including Hong
Kong) took in 115,756 tons of the light metal in May, with
South Korea a distant second at 13,769 tons.
Meanwhile, UBC exports
in May fell 34.3 percent to 3,031 tons from 4,612 tons a year
earlier tons but rose 18.7 percent from the previous month.
Red metal scrap
exports totaled 106,423 tons in May, down 6.7 percent from
114,081 tons in May 2012 but up 15.3 percent from April. China
(including Hong Kong) took 81,201 tons in May, with Canada
second at 5,716 tons.
Nickel scrap exports
totaled 2,384 tons in May, down 25.1 percent from 3,184 tons a
year earlier but up 28.2 percent month on month.
Lead and zinc scrap
bucked the trend, posting year-on-year gains of 10.3 percent
and 4.6 percent, respectively. On a month-on-month basis, lead
scrap exports rose 26.3 percent while zinc scrap fell 4.2
percent in the same comparison.
For the first five
months of the year, nonferrous scrap exports declined 11.6
percent to 1.38 million tons from 1.57 million tons a year
Aluminum scrap exports
took the biggest hit in the January-to-May period, falling 12.4
percent to 794,999 tons, while copper and brass exports of
511,043 tons were down 9 percent in the same comparison.
Lead scrap was the
sole item of the six key categories tracked by AMM to
post a year-to-date gain, with exports rising 25 percent to