Red metal scrap exports pick up pace in July

Sep 26, 2005 | 03:49 AM | Sean Barry

U.S. exports of copper and brass scrap rebounded somewhat in July as shipments to South Korea nudged up and Chinese demand for red metal remained strong, according to the latest figures from the U.S. Commerce Department.

Copper scrap exports totaled 61,693 short tons in July, up 3.5 percent from 59,635 tons in June but down 8.7 percent from 67,577 tons in May.

Shipments to Canada increased 5 percent to 4,044 tons from 3,852 tons in June; South Korea took 3,216 tons, up 7.8 percent from 2,983 tons; and Germany bought 1,628 tons, a 23.7-percent jump from 1,316 tons. Demand from China (including Hong Kong), the biggest buyer of U.S. scrap over the past two years, remained firm at 44,686 tons in July vs. 44,577 tons the previous month.....

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