Eurostat reports strong growth in aluminium scrap export by the EU

<p>According to preliminary figures released by the EU statistics office Eurostat, exports of non-ferrous scrap metals from the EU in particular aluminium scrap shipments from the EU member states to non-EU countries were on the rise, after a decline in 2017.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/scrap.jpg" alt="News" width="517" height="226" /></p> <p>According to the Eurostat data, about 941,000 tonnes of aluminium scrap with a total value of &euro;1.07bn were exported by the 28 EU member states in 2016 registering a growth of 10% YOY from 858,000 tonnes of aluminium scrap valued at &euro;1.11bn in 2015. Shipments to China and the special administrative zone Hong Kong increased from a combined 337,000 tonnes in the year 2015 to 393,000 tonnes in 2016. EU also recorded higher level of export to Pakistan at 70,000 tonnes in comparison to previous year&rsquo;s level of 59,000 tonnes.</p> <p>{googleAdsense}</p> <p>The Eurostat data shows a decline in imports of non-ferrous scrap metals into the EU by 11 per cent in 2016. However, the EU&rsquo;s imports of aluminium scrap increased 13 per cent to 404,000 tonnes with a value realization of &euro;471m.</p> <p>The data shows an export surplus of about 572,000 tonnes in the EU's net foreign trade balance for aluminium scrap in 2016 from 541,000 tonnes in 2015.&nbsp;</p>