Offshore mills trim heavy melting steel scrap buys
Dec 22, 2009 | 05:18 AM
| Michael Marley
Exports of No. 1 heavy melting steel scrap plunged by nearly 30 percent in October compared with the previous month as several key Asian importers trimmed their purchases.
Shipments of this bellwether grade of cut ferrous scrap sagged to 371,479 tonnes, down from 529,382 tonnes in September, according to the latest figures from the U.S. Commerce Department.
Despite the decline, exports through the first 10 months of the year totaled 4,942,755 tonnes, up 13.3 percent from 4,362,819 tonnes in the same 2008 period.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.