Shredded scrap exports to China rebound
Dec 29, 2010 | 11:38 AM
A Chinese buying frenzy helped boost U.S. exports of shredded scrap by nearly 275,000 tonnes in October.
Overall shipments climbed to 798,143 tonnes, up 52.5 percent from 523,465 tonnes delivered to foreign steelmakers in September, according to the latest figures from the U.S. Commerce Department. The October tonnage was the highest monthly total since August 2009, when 878,138 tonnes were sent abroad.
China re-emerged as the biggest buyer, taking 213,870 tonnes from U.S. suppliers in October—up dramatically from the meager 4,157 tonnes it bought the previous month and its highest one-month total since November last year.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.