Turkey’s shredded buys fail to offset Asian dive

Nov 24, 2008 | 10:47 AM | Michael Marley

U.S. shipments of shredded scrap to foreign steelmakers and foundries plunged 37.5 percent in September despite a spike in the tonnage delivered to Turkey, the leading offshore destination for U.S. ferrous scrap exporters.

September exports of the fragmented scrap totaled 664,589 tonnes, according to the latest figures from the U.S. Commerce Department, down almost 400,000 tonnes from 1,063,145 tonnes in August to the lowest one-month level since April, when 636,708 tonnes left U.S. ports.....

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