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08 AUGUST 2018 AL CIRCLE

Aluminium scrap exports by US up 10% in May; export to China drops 42% on China’s scrap tariffs

EDITED BY : BEETHIKA BISWAS 2MINS READ

According to the latest Mineral Industry Survey report from US Geological Survey, Domestic primary aluminium production in May 2018 was 73,000 tonnes. The average daily production in May was 2,360 t, unchanged from that in April 2018, and 14% more than that in May 2017.

The U.S. aluminum industry purchased an estimated 724 million pounds of aluminum scrap during May 2018. The country imported 63,200 of aluminium scrap in May, up from April 2018, but slightly down YoY. For the period of January to May 2018, 284,000 tonnes of scrap were imported by the U.S, down from the same period of 2017. As a whole scrap import has dropped in May as well as for the period from January to May in comparison to the same period of 2017.  

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On the other hand, the U.S. exported 148,000 tonnes of aluminium scrap in May, up from the volume exported in May 2017. For the period of January to May 2018, about 683,000 tonnes of scrap were exported by the U.S., up again from the volume exported in the same period of 2017.  U.S. exports of scrap, not included in the government’s consumption statistics were up 11.7 per cent over the same period of 2017.

Total aluminium recovered from scrap in May 2018 was 301,000 tonnes, unchanged from the revised amount in April 2018, 4% less than that in May 2017, and slightly less than that in May 2016. Of this, 171,000 tonnes of aluminium was recovered from new scrap and 131,000 t was recovered from old scrap. Through the first five months of 2018, preliminary data indicate that recovery of aluminium from scrap totaled an estimated 1.5 million tonnes, off 2.9 per cent from year-to-date 2017.

The scrap export to China in the period from January to May stood at 278,000 tonnes, down from about 322,000 tonnes exported in the same period of 2017. In the month of May 2018, the amount stood at 40,100 tonnes compared to 69,100 tonnes in May 2017. The drop in export to China was driven by the tariffs imposed by China on scrap imported from the U.S.


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EDITED BY : BEETHIKA BISWAS 2MINS READ

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