Aluminum scrap exports rebound in August
Oct 24, 2006 | 11:55 AM
| Paul Schaffer
U.S. aluminum scrap exports bounced back in August after a two-month lull, echoing a pattern set last year.
Exports totaled 133,041 short tons, up 22.6 percent from 108,485 tons in July and 12.4 percent from 118,316 tons in June, and 32.9 percent ahead of 100,112 tons in August 2005.
China (including Hong Kong) accounted for 65.4 percent of August's export tonnage, up from 64.7 percent in July; by value, China's share was stable at 62 percent.
Two surprises showed up in the U.S. Commerce Department's latest statistics, although the actual quantities involved were modest. The United Arab Emirates, ranking 10th, took 373 tons in August, the first time this year it surpassed 250 tons, while Kenya, ranking 12th, took 239 tons, exceeding the 200-ton level for the fourth time this year.....
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