Red metal exports dip as China, India pull back

Aug 17, 2005 | 07:39 AM | Sean Barry

U.S. exports of copper and brass scrap fell in June as buying activity by Chinese and Indian metal consumers slowed.

Exports of the red metal scrap totaled 59,635 short tons, down 11.8 percent from 67,577 tons in May and 4.9 percent from 62,695 tons in April, according to the latest figures from the U.S. Commerce Department.

Chinese purchases declined to 42,863 tons in June, down 8.5 percent from 46,864 tons in May and 2.2 percent from 43,829 tons in April. Exports to India also tumbled, falling 40.6 percent to 1,576 tons from 2,651 tons in May, while shipments to South Korea slid 39.3 percent to 2,983 tons from 4,917 tons.....

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