US scrap metal exports sink below $1 billion as China spurns ferrous

Dec 10, 2009 | 09:20 AM | Paul Schaffer

After two months in excess of $1 billion, U.S. scrap metal exports faded below that threshold in October due largely to limited Chinese buying of ferrous scrap.

On a dollar value basis, China's share of U.S. ferrous scrap exports fell to 24 percent from 29 percent while its share of total scrap metal shipments held steady....

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