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US PS scrap exports surge to China, Colombia
HOUSTON, July 12, 2017 (PCW) -- US exports of PS scrap totaled 21,584 metric tons valued at $10.9 million in Jan-May 2017, up 7,598 mt or 54% from Jan-May 2016, the latest US Commerce Department data show.
Exports to China, the top destination, totaled 9,500 mt in the first five months of 2017, up 5,002 mt or 111% from the year-earlier period. Number two was Hong Kong at 4,296 mt in Jan-May 2017, up fractionally, followed by Colombia at 1,485 mt, up from none in the 2016 period. Exports to Saudi Arabia in Jan-May 2017 totaled 14 mt, up from none in the 2016 months.
Full year 2016 US PS scrap exports totaled 35,287 mt valued at $19.4 million.
US PS scrap imports in Jan-May 2017 totaled 2,451 mt, down 1,235 mt or 34% from the year-earlier period. -- Xavier A. Cronin.