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31 OCTOBER 2018 AL CIRCLE

Aluminium scrap exports by US up 11.2% YoY in August; volume drops slightly month on month

EDITED BY : BEETHIKA BISWAS 2MINS READ

According to the latest Mineral Industry Survey report from US Geological Survey, the U.S. exports of aluminium scrap, which is not included in the government’s consumption statistics, stood at 148,000 tonnes in August 2018, up 11.2 per cent from August 2017 total of 133,000 tonnes. Month on month, aluminium scrap export dropped about 3% from the July export volume of 137,000 tonnes.

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Total scrap exports stood at 1.1 million tonnes in the first eight months of 2018, up 11.1 per cent from 9,90,000 tonnes in the same period of 2017.

The US export to China in August 2018 stood at 26,900 tonnes, down 61% from August 2017 volume of 69,300 tonnes. While month on month the volume has not registered much change, YoY, the volume drops significantly, mostly driven by China’s counter tariff of 20% and 25% on aluminium scraps from the US.

The U.S. aluminium industry purchased an estimated 342,009 tonnes of aluminium scrap during August 2018, according to aluminium recycling statistics published by the U.S. Geological Survey, Department of Interior, down 1.8 per cent from August 2017. USGS estimates that the total aluminium recovered from scrap in August 2018 was 309,000 tonnes, 4% less than the revised amount in July 2018, slightly less than the amount in August 2017. Through the first eight months of 2018, preliminary data indicate that recovery of aluminium from scrap stood at an estimated 2.4 million tonnes, slightly off from YTD 2017.

Out of the total scrap purchased, the U.S. imported 62,500 tonnes of aluminium scrap. For the first eight months of 2018, the country imported 477,000 tonnes of scrap. That indicates the largest amount of scrap is procured domestically.

Domestic primary aluminium production in August 2018 was 76,000 tonnes. The average daily production in August was 2,450 t, 11% more than that in July 2018 and 20% more than that in August 2017. The production increase was attributed to restarts of capacity at smelters in Hawesville, KY; New Madrid, MO; and Sebree, KY.

 


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EDITED BY : BEETHIKA BISWAS 2MINS READ

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