US iron and steel scrap exports up 22.5 percent in December

According to the latest figures from the US International Trade Commission, US iron and steel scrap exports totaled 1,505,677 mt in December 2022, a 22.5 percent increase month-on-month and a 36.6 percent increase year-on-year. India was the largest recipient of US iron and scrap exports in December with 407,888 mt, up 23.3 percent month-on-month and up 873.2 percent year-on-year. Other notable destinations in December include: Turkey, with 331,552 mt; Mexico, with 236,072 mt; Taiwan, with 91,085 mt; and Vietnam, with 75,413 mt. In terms of value, US iron and steel scrap exports totaled $589.7 million in December 2022, compared to $511.9 million in November and $517.9 million in December 2021.