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Turkey, Taiwan top ferrous scrap destinations

Keywords: Tags  scrap, ferrous, heavy melt, HMS, shred, exports, Turkey, Taiwan Malaysia

NEW YORK — Ferrous scrap shipments from San Francisco to Vietnam were among the top five U.S. export routes in May, but sales to Turkey and Taiwan continued to dominate volumes and shipments.

Shredded scrap and No. 1 heavy melt scrap exports from San Francisco to Vietnam finished as the second- and fifth-busiest trade routes for the respective grades in May at 38,274 tonnes and 28,565 tonnes, respectively, according to U.S. Commerce Department data. The f.o.b. prices averaged $343 per tonne for shredded scrap and $341 per tonne for HMS.

Los Angeles to Taiwan surged past New York to Turkey as the busiest route for heavy melt scrap exports in May, with the two routes accounting for 86,105 tonnes and 80,968 tonnes, respectively. No. 1 HMS prices for Los Angeles exports to Taiwan averaged $356 per tonne f.o.b., while HMS prices from New York to Turkey averaged $355 per tonne f.o.b.

Heavy melt exports from Houston to Turkey finished a distant third at 35,280 tonnes, while Providence, R.I., to Egypt was the fourth most-active route for the grade with exports of 29,000 tonnes in May.

Heavy melt shipments to Egypt, Turkey and Taiwan from other ports dominated the top 10 trade routes in May, with exports from the Columbia-Snake River district in Oregon to Malaysia squeezing in at ninth with 22,071 tonnes at an average price of $342 per tonne f.o.b.

Other notable routes for heavy melt in May were exports from Laredo, Texas, to Mexico (at an average price of $362 per tonne f.o.b.); San Francisco to Indonesia ($337 per tonne f.o.b.); Baltimore to Morocco ($355 per tonne f.o.b.); Honolulu to Malaysia ($336 per tonne f.o.b.); and New York to Peru ($366 per tonne f.o.b.).

Meanwhile, New York to Turkey was the top trade route for shredded scrap exports in May at an average price of $357 per tonne f.o.b., while shipments from Los Angeles to Taiwan at an average of $347 per tonne f.o.b. finished third behind those from San Francisco to Vietnam. Shredded scrap exports from Seattle to Taiwan (at an average of $343 per tonne f.o.b.) and New York to Peru ($373 per tonne f.o.b.) rounded out the top five routes.

Shredded exports to Turkey accounted for four of the next five most active routes, with shipments from Providence to Peru at No. 7 with 22,000 tonnes shipped in May at an average price of $381 per tonne f.o.b.

Paul Schaffer, New York, contributed to this story.

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