Nonferrous scrap exports hit record high
May 16, 2011 | 04:41 PM
| Sean Davidson
NEW YORK U.S. nonferrous scrap exports reached a record high in March as stronger Chinese demand lifted volumes.
A total of 315,088 tons were shipped in March, up 11.6 percent from the previous month and some 23 percent above March 2010 levels.
First-quarter scrap exports finished at 846,214 short tons, 15.9 percent higher than the same 2010 period, according to the latest U.S. Commerce Department data.
The first-quarter figure was just 3.5 percent shy of the record first-quarter 2008 shipments of 877,623 tons.
Aluminum and copper scrap continued to dominate volumes. Aluminum exports totaled 184,588 tons, accounting for 58.6 percent of the March total. Thats up 11.1 percent from the prior month and 17.3 percent higher than March 2010.....
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