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US Iron, Steel Scrap exports fall 22% in Q1 2019

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WASHINGTON (Scrap Register): The United States iron and steel scrap exports totalled $1.14 billion in the first quarter of 2019, down 22% from the exports of $1.47 billion during the corresponding period last year, the latest U.S. Census Bureau data showed.

The largest export destination for U.S. iron and steel scrap was Turkey. The country imported $236.34 million worth of the material and accounted for nearly 21% of the total U.S. exports. The U.S. exports to Turkey were down sharply by nearly 25% year-on-year.

In second place was Taiwan with a market share of 13.49% of total U.S. exports. The exports to that country were valued at $153.81 million.

The third largest importer was South Korea, whose imports were valued at $109.04 million in the first quarter of 2019.

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