Shredded exports decline nearly 24% in July

Sep 21, 2005 | 10:44 AM | Michael Marley

U.S. exports of shredded scrap plunged by more than 100,000 tonnes in July as several key overseas importers trimmed their purchases.

After two heady months at near-record levels, shipments of fragmented scrap to foreign steel mills and foundries sagged to 326,475 tonnes in July, according to the latest figures from the U.S. Commerce Department, down 23.8 percent from 428,299 tonnes in June and 28.2 percent below the 454,417 tonnes sent overseas in May.....

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