Canada’s August aluminium scrap exports to the US stood second-lowest in 2019

According to the data from the United States Geological Survey, Canada’s aluminium scrap exports to the US in August stood at 31,000 tonnes, second-lowest since the year began. In February, the country’s scrap exports to the US were at 28,200 tonnes, which were the lowest so far after inching down from 31,800 tonnes in January, meaning the volume declined by 11.32 per cent.

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The USGS data also revealed that followed by the decline in February, Canada’s aluminium exports to the US began to rise and continued until May. In March the country’s exports were at 31,700 tonnes, while that in April and May were at 32,700 tonnes and 34,100 tonnes. This represents that the export volume grew by 12.41 per cent in March, 3.15 per cent in April, and 4.28 per cent in May.

As the above graph shows, the export volume in June again declined month-on-month but rebounded in July. In June, Canada exported 31,300 tonnes, down 8.2 per cent month-on-month; while in July, the country exported 33,700 tonnes, down 7.6 per cent from the previous month. In August again, as said before, the export volume stood down over the month by 8 per cent.

However, this is to be noted that Canada’s aluminium scrap export volume to the US stayed range-bound through the first eight months of the year. Canada is the prime exporter of aluminium scrap to the US, accounting for 57 per cent of the United States total aluminium scrap imports.

The United States’ total aluminium scrap import from Canada in the first eight months of 2019 came in at 254,000 tonnes, out of 1.27 million tonnes of the country’s total aluminium imports (including metals and alloys, crude, and semi-finished).