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07 NOVEMBER 2020 AL CIRCLE

The US exports of aluminium scrap rise 2% MoM in August; Exports to Malaysia down 16%

EDITED BY : HEENA IQBAL 1MINS READ

The US exports of aluminium scrap stood at 161,000 tonnes in August 2020. That was down 2.42% year-on-year, according to the latest report from the US Geological Survey. On a month-on-month comparison, exports rose by 1.9% from July’s export volume of 158,000 tonnes.

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The US exported 1.17 million tonnes of aluminium scrap in the first eight months of 2020, from 1.26 million tonnes exported in the first eight months of 2019. This records a decrease of 7.14% or 90,000 tonnes.

The US exports of aluminium scrap to Malaysia came in at 41,300 tonnes in August 2020. Scrap exports increased by 60% year-on-year but dropped by 15.54% month-on-month. The US had exported 25,800 tonnes and 48,900 tonnes in August 2019 and July 2020, respectively.

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Exports of aluminium scrap to Malaysia climbed by 75.86%year-on-year in the first eight months of 2020. The US exported 255,000 tonnes to Malaysia in January-August 2020, from 145,000 tonnes exported in January-August 2019.


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EDITED BY : HEENA IQBAL 1MINS READ

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