Ferrous US Scrap imports in 2024 fell 16% from the previous year to the lowest level since 2019 amid the decline in shipping from Canada, according to the S&P Global Market Intelligence’s Trade atlas on February 13.
The US imported 2.94 million MT Ferro Memo in 2024, down from 3.51 million MT in 2023. Import from Canada fell 15% from year to year to 2.18 million MT in 2024, but partly balanced with an increase of 65 % year to year at Ferrous Import Memo from Mexico to 353,412 MT.
The US ferrous memo exports are 13.38 million MT in 2024, down 7.2% from 2023 to the lowest level from 2020. Delivery to Turkey rose 8.5% year to year to 4.41 million MT in 2024, while exports To Mexico dropped 31% to 1.84 million MT during the same period.
Import numbers and exports scrap us are determined using the HS code 7204410020, 7204410040, 7204490020, 7204490040, 7204490060, 7204490070 and 7204490080.
US pork iron imports are 4.7 million MT in 2024, up 8% from year to year to the highest level from 2021. Imports from Brazil rose 26% year to year to 271,505 MT in 2024, with Brazil providing 73% of all US Iron Pig Iron Import. Last year’s volume, up from 64% in 2023, while the Ukraine market share fell from 24% to 18% during the same period.
Platts, part of the S&P Global Commodity Insights, assessed that the price of imported iron pig US iron at $ 420/mt CIF New Orleans on February 13, was stable from one week before.
Iron imports of US direct reduction are 1.52 million MT in 2024, up 16% from year to year to the highest level since 2020. More than 99.9% imports in 2024 came from Trinidad and Tobago, who were hosting the maker Steel based in Charlotte, 1.6 million MT/ Factory Dri Capacity of the Year, while the next largest supplier is Brazil with only 451 MT.
Source: Reuters
