Turkish demand keeps US heavy melt exports flowing
Nov 28, 2006 | 12:03 PM
| Michael Marley
Turkish steelmakers' strong appetite for ferrous scrap boosted U.S. exports of No. 1 heavy melting steel by more than 28 percent in September from the previous month.
Exports of the bellwether grade of cut ferrous scrap climbed to 316,546 tonnes from 247,082 tonnes in August, according to the latest figures from the U.S. Commerce Department, the highest one-month total since November last year, when more than 328,000 tonnes left U.S. ports.
Despite the sharp increase in September, exports of No. 1 heavy melt in the first nine months of this year lagged the prior year's pace by almost 15 percent, largely because of weaker demand from such key scrap-importing countries as China and South Korea.....
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