Trade overview: US aluminium scrap exports through the first ten months of 2024
The United States is one of the leading aluminium scrap exporters in the world, with an annual average export volume close to 2 million tonnes. In 2023, the country exported 2.06 million tonnes, and by October, 1.74 million tonnes was shipped. In the first ten months of the subsequent year, the export volume totalled 1.73 million tonnes, reflecting a Y-o-Y dip of 0.6 per cent, according to the US Census Bureau Statistics. Was this decline consistent throughout the first ten months? What factors contributed to the fall? And which country had the most significant impact on the drop? All these will be closely studied in this comprehensive article.
Month-on-month export volume trend
To address the first question, let us delve into the month-wise export volume by the United States. In the first three months of 2024, the United States aluminium scrap exports grew each month, starting from 155,000 tonnes in January after a M-o-M increase of 1.97 per cent to 158,000 tonnes in February, up by 1.94 per cent from January, the export volume at the end of March summed up 182,000 tonnes - 15.2 per cent higher than in February.
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