China retreat shaves US shredded scrap exports in September

Nov 22, 2010 | 11:43 AM | Michael Marley

U.S. shredded scrap exports fell 16.3 percent in September as China and two other key scrap-importing nations sharply trimmed their buys of the fragmented scrap.

Exports plunged to 523,465 tonnes during the month from the 625,380 tonnes in August, according to the latest figures from the U.S. Commerce Department. This took shipments for the first nine months of the year to 5,260,856 tonnes, down 19.4 percent from the same period last year and 21.9 percent below the comparable....

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