Scrap metal export values log August gain

Oct 11, 2007 | 02:31 PM | Paul Schaffer

The value of U.S. scrap metal exports posted a month-on-month gain in August but failed to match the record levels seen in May and June.

Export shipments totaled $1.12 billion, up from $1.07 billion in July and $858 million in August last year.

China (including Hong Kong) accounted for 41 percent of U.S. scrap metal exports in August, up from 40 percent in July but below the recent past. Not once this year has China taken a majority of the scrap, unlike last year (when it was the majority buyer for eight months) and in 2005....

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