Nonferrous scrap exports slip in September
Nov 15, 2010 | 11:28 AM
| Sean Davidson
A stronger dollar and higher prices pulled down nonferrous scrap export volumes in September as major Asian consumers reduced their aluminum and zinc scrap purchases.
Nonferrous scrap shipments to foreign smelters and importers totaled 281,777 short tons, down 3 percent from 290,486 tons in August, according to the latest figures from the U.S. Commerce Department.
Aluminum scrap exports slid 3.2 percent to 167,328 tons in September. While many exporters reported strong shipping volumes in September, higher prices forced a few foreign smelters and importers to trim their purchases and exporters said the trend continued in October.....
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