No. 1 heavy melt scrap exports edge lower in Aug.

Oct 18, 2007 | 12:25 PM | Michael Marley

Offshore demand for No. 1 heavy melting steel scrap sagged nearly 1,000 tonnes in August as some of the main buyers of cut ferrous scrap trimmed their buys.

Exports of No. 1 heavy melt fell to 308,959 tonnes from 309,949 tonnes the previous month, according to the latest figures from the U.S. Commerce Department. For the first eight months of this year, exports of No. 1 heavy melt totaled 2,197,207 tonnes, up almost 32 percent from 1,667,130 tonnes in January-to-August 2006 and 6.4 percent higher than the 2,065,530 tonnes shipped in the same 2005 span.....

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