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Nonferrous scrap exports drift lower in July

Keywords: Tags  nonferrous scrap exports, aluminum, brass, copper, lead, nickel, Sean Davidson

NEW YORK — U.S. nonferrous scrap exports fell in July compared with the previous month, led by declines in shipments of copper and brass, lead and zinc scrap.

Exports of the nonferrous scrap grades tracked by AMM totaled 277,780 short tons in July, according to the latest U.S. Commerce Department data, down 2.2 percent from 283,919 in June and 7.8 percent below 301,384 tons a year earlier.

Although most major metals faced a tough July, aluminum scrap exports held mostly steady, notching a 0.9-percent gain to 161,981 tons from 160,567 tons in June, although down 11.3 percent from 182,684 tons in the same month last year.

Nickel scrap also scored a gain at 2,752 tons, rising 13.1 percent from 2,433 tons the previous month and 15.1 percent from 2,391 tons a year earlier.

But copper and brass scrap exports continued to slide in July, with shipments dropping 3.1 percent to 102,207 tons, down 3.1 percent from 105,428 tons in June and falling 1.5 percent from 103,715 tons in July 2012.

Lead scrap exports recorded the largest percentage drop, plunging 53 percent to 1,921 tons from 4,086 tons in June, although July’s total was 1.3 percent ahead of 1,896 tons a year earlier.

Zinc scrap exports fell 25.9 percent to 5,845 tons in July from 7,890 tons in June and were 5 percent below 6,151 tons in July last year.

Year-to-date nonferrous scrap exports totaled 1,945,809 tons, down 9.9 percent from 2,158,679 tons in the first seven months of 2012.

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