Chinese buying binge lifts stainless exports

Sep 28, 2005 | 01:20 PM | Michael Marley

U.S. exports of stainless steel scrap inched upward at the start of the second half, led by a steep gain in the tonnage delivered to Chinese steelmakers.

Offshore shipments of the shiny scrap in July rose 2.6 percent to 40,297 tonnes from 39,282 tonnes the previous month, according to the latest statistics from the U.S. Commerce Department, pushing the seven-month total to 336,728 tonnes, a 15.5-percent increase from 291,606 tonnes a year earlier.....

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