The United States reduced export of cast iron and steel scrap by 11% in 2012

The United States is in a situation of economic uncertainty, and this affects the export of cast iron and steel scrap. The average scrap price and ferrous metal rolling reached $ 309 per ton, which does not go in a cut of the world prices for this type of product. According to the report of the US geological service on the state of mining industry, the reserves of imported and domestic scrap in late December 2012 amounted to 3.7 million tons, which slightly exceeds reserves for the end of November.

The export of cast iron and steel scrap from the United States last December amounted to 1.6 million tons, which is 16% higher compared to November, but 17.4% lower compared to export indicators registered in December 2011. Export volumes from the United States in December 2012 grew after several months of calm. Positive trends are associated with an increase in demand for ferrous metal scrap in Malaysia and China. At the same time, 153710 tons of scrap were exported to Malaysia in December, and in China - 198856 tons, which is 5.6% higher than the average annual level. In general, for 2012, the export of cast iron and steel scrap from the United States amounted to 9.4 million tons, which is 11% less compared to 2011.

Türkiye has become one of the leading countries for exports from the United States in this direction. It imported 2.5 million tons, which is 27% of the total export volume. Taiwan - 1.5 million tons of cast iron and steel scrap. In Canada, throughout 2012, 3 million tons of ferrous metal scrap and steel were exported from the United States.