Exports of stainless steel scrap from the United States more than doubled in December compared with the prior month due to increased shipments to Taiwan and Canada, although shipments for the last year were down by 28% from 2018, according to the latest US Census Bureau data.
Stainless steel scrap exports totaled 74,774 tonnes in December compared with 33,343 tonnes the previous month. For 2019, exports totaled 476,044 tonnes, down from 660,816 tonnes in 2018 amid a sharp drop in shipments to Vietnam and Canada.Sluggish export trade over the past year has partly fueled an oversupply of material in the domestic market and kept prices in a...