US scrap exports rise 4% in Jan-Aug'26 despite weaker Asian demand as shipments to Mexico rise twofold

Turkiye remains largest export destination despite 4% decline in shipments. Shipments to key Asian markets plunge amid unfavourable import economics. Higher scrap consumption, crude steel production limit US export growth

US ferrous scrap exports rose 4% y-o-y to 8.60 million tonnes (mnt) during January-August 2026 (8MCY'26) from 8.29 mnt a year earlier, according to data compiled. The increase was driven primarily by a sharp recovery in shipments to Mexico and stronger demand from Canada, Peru, and Vietnam, which offset lower