Lead, UBCs defy nonferrous export fall

Nov 20, 2008 | 10:19 AM | Paul Schaffer

Nonferrous scrap exports from the United States sagged further in September, falling nearly 16 percent by quantity and 15 percent by value compared with month-earlier levels.

As later months are quantified, the rate of decline will likely increase in reflection of the current collapse in the market.

The drop wasn't across the board, though. Mexico, India and Vietnam registered increases during the month vs. August intake levels from U.S. suppliers. Likewise, two metal categories—lead and used aluminum beverage can scrap—also moved upward in the same comparison.....

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