The US aluminum scrap market has kicked off 2024 with a significant momentum of 2.06 per cent rise in exports and 6.04 per cent rise in imports during the first quarter of 2024, reflecting a broader economic trend and strategic shifts in trade policies. The first quarter of the year has seen a notable increase in both imports and exports driven by rising global demand.
Top destination countries of US aluminium scrap exports
{alcircleadd}As of Q1 2023, US exported aluminium scrap mostly to Malaysia (100,000 tonnes) and India (96,700 tonnes), followed by South Korea, Thailand, and China. Whereas in Q1 2024, the list remained unchanged, except for South Korea and Thailand's positions as importers. In the said period, Thailand emerged as the third largest importer, sourcing 78,800 tonnes.
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