Ferrous exports log banner year despite late dip

Mar 04, 2005 | 11:06 AM | Michael Marley

U.S. ferrous scrap exporters posted their best year in more than a decade in 2004, although at the end of the year they lightened the load of No. 1 heavy melting steel scrap and other cut grades shipped overseas.

Shipments of No. 1 heavy melt to foreign steelmakers and foundries dipped 45.9 percent to 115,921 tonnes in December from 214,325 tonnes the previous month, the lowest one-month total since 88,517 tonnes were exported in July, according to U.S. Commerce Department figures.....

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