2016Yearbook_Flipbook

2016

THE I SR I SCRAP YEARBOOK

U.S. Ferrous Scrap Exports Thanks to our large industrial base and existing supply of obsolete scrap, the U.S. is the world’s leading ferrous scrap exporting country. Key export markets for ferrous scrap in recent years have included Turkey, Taiwan, Mexico, South Korea, India, and Canada. In 2015, the U.S. exported 11.7 million metric tons of ferrous scrap (excluding stainless and alloy steel scrap) valued at $3.1 billion to nearly 75 countries worldwide. Slower global economic growth, diminished Chinese demand for ferrous scrap imports and falling commodity prices have all impacted U.S. ferrous scrap export volumes since 2011.

U.S. Ferrous Scrap Exports by Major Destination, 2011 - 2015 Metric tons U.S Ferrous Scrap Exports by Major Destination, 2011 - 2015 metric to s

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

0

2011

2012

2013

2014

2015

China

Canada

Mexico

Others Egypt

India

Korea

Taiwan

Turkey

Source: U.S. Census Bureau/U.S. International Trade Commission

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INSTITUTE OF SCRAP RECYCLING INDUSTRIES, INC.