Shredded scrap exports up 17.8% in August
Oct 23, 2006 | 09:10 AM
| Michael Marley
Exports of shredded scrap rose by 17.8 percent in August from the prior month despite the continued decline in shipments to China, the leading offshore market for U.S. shredded scrap exporters for the past three years.
Overall, shipments of the fragmented scrap to foreign steel mills and foundries rose to 379,265 tonnes, up from 322,052 tonnes in July, according to the latest figures from the U.S. Commerce Department. But the August gain did not erase the yearlong decline in offshore sales of shredded scrap. January-to-August exports have slumped by more than 20 percent when matched against the same eight-month span of last year—down to 2,269,760 tonnes from 2,866,430 tonnes that went overseas in the 2005 period.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here