Infographics Details
Steel Mint

Ferrous scrap exports down by 5% y-o-y in CY '20

18, Feb 2021
The USA, world's largest ferrous scrap supplier, observed a slight decline in scrap exports in CY'20. The country exported16.55 mn t in CY '20, as against 17.36 mn t the previous year (Source: data maintained with SteelMint).

Turkey continued to be the largest scrap importer from USA in CY '20 at 4.03 mn t. Ferrous scrap export prices from the US had begun to rebound by the end of 2019, driven by a prolonged period of strong deep-sea scrap restocking in October and Novemnber by Turkish steelmakers.

Other major buyers like Mexico stood at 2.04 mn t, (up by 44%) and Malaysia at 1.57 mn t, (up by 76%) in CY '20.