US ferrous scrap exports stable y-o-y in Jan-May'26 as Turkish demand offsets weaker Asian buying

Shipments to Mexico, Canada jump sharply on improved demand. Asian buyers remain sidelined amid weaker steel fundamentals. US crude steel output up 8% y-o-y to 35.5 mnt in 5MCY'26, scrap generation rises 12%

US ferrous scrap exports remained mostly stable y-o-y at 5.23 million tonnes (mnt) during January-May 2026 (5MCY'26). Higher Turkish scrap demand towards March and the second quarter, triggered by disruptions in global semi-finished steel trade following the temporary closure of the Strait of Hormuz, supported a surge by reducing