Stainless exports slip as India cuts back buys

Aug 29, 2005 | 10:52 AM | Michael Marley

U.S. exports of stainless steel scrap fell to 39,282 tonnes in June, down 8.8 percent from 43,093 tonnes the previous month and 48.4 percent below the record 76,062 tonnes shipped abroad in April.

But U.S. Commerce Department figures for April and May included thousands of tonnes of stainless scrap supposedly shipped to Mexico, where little or no stainless steel is produced. The latest report, on the other hand, listed only 457 tonnes crossing the Rio Grande from U.S. scrapyards in June.....

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