NEW YORK U.S. nonferrous scrap exports logged their strongest month of the year in October, led by increases in shipments of aluminum, copper and zinc scrap.
Exports of the nonferrous scrap grades tracked by AMM totaled 329,168 short tons in October, according to the latest U.S. Commerce Department data, up 15.5 percent from 285,074 tons in September.
Aluminum scrap exports notched the biggest percentage increase in October, soaring 18.8 percent to 186,181 tons from 156,673 tons in September. China made up the bulk of the increase, with its intake rising 18 percent to 131,834 tons from 111,736 tons.
Exports of copper scrap also increased in October. Overall shipments rose 12.4 percent to 124,615 tons from 110,916 tons a month earlier, with exports to China rising 13.9 percent to 93,524 tons from 82,143 tons in the same comparison.
Lead scrap exports edged up 7.7 percent to 3,303 tons from 3,068 tons in September, and zinc scrap exports climbed 9 percent to 9,591 tons from 8,799 tons.