Increased exports of aluminium scrap from the United States pushed total monthly nonferrous scrap exports higher in February 2020.
Aluminium products were the only nonferrous metallic grade to exhibit growth in January-February, while nickel volumes, which fell by 20.6% to 2,751 tons, experienced the greatest drop.US nonferrous scrap exports totaled 237,724 tons in February, up 1.6% from 233,878 tons in January 2020, but down 5.9% from 252,718 tons in February 2019.In 2020, the US has so far exported 471,601 tons of nonferrous scrap, a drop of 2.6% from 484,311 tons in the first two months of 2019.The month-on-month increase in exported tonnage suggests global trade and freight had not yet been significantly impacted by the...