US scrap export values off, but China's take up

Sep 14, 2005 | 10:10 AM | Paul Schaffer

U.S. scrap metal exports fell below the $500-million mark in July after spending two months above that unprecedented level.

China's share, recently wobbling around the 43-percent mark, rebounded to 50 percent thanks largely to ferrous scrap purchases, with China hungrier for the material while other destinations saw appetites wane.

India, usually ranking fifth or lower, elbowed its way into second place in July by buying $38 million worth of ferrous scrap.....

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