Sept. scrap export data shows hints of crisis to come
Nov 14, 2008 | 11:22 AM
| Paul Schaffer
The beginnings of what later became a sickening plummet in scrap metal exports can be seen in September U.S. Census data, with overall dollar value of shipments off by 25 percent from the previous month.
For shipments to all destinations, declines of 30 percent were recorded for steel and iron scrap, 20 percent for aluminum scrap and 10 percent for copper and brass scrap.
For shipments to China, which is the leading buyer of U.S. material, the declines were 20 percent for aluminum scrap and 6 percent for copper and brass scrap. Ferrous scrap to China surprisingly rose by 10 percent in value from August.....
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.