Shredded exports slide nearly 14%

Nov 18, 2009 | 11:32 AM | Michael Marley

U.S. shipments of shredded scrap to foreign steel mills and foundries dropped by nearly 14 percent in September from the previous month as China and Mexico trimmed their intake and Thailand abandoned the U.S. market altogether.

Exports sank to 758,113 tonnes, down a little more than 120,000 tonnes from 878,138 tonnes in August, which stands as the high water mark for the year thus far, according to the latest figures from the U.S. Commerce Department.....

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