US ferrous scrap exports surge in Jan.

Mar 14, 2012 | 03:40 PM | Sean Davidson

Tags  ferrous scrap exports, Commerce Department, Sean Davidson

NEW YORK — The year got off to a fast start for U.S. ferrous scrap exporters, with stronger demand from Turkey, South Korea, Malaysia and India lifting January volumes 16 percent higher than a year earlier.

The surge in demand from those four countries more than offset lower Chinese demand, pushing January’s overall export volume to 1,416,604 tonnes from 1,221,149 tonnes a year earlier, according to the latest Commerce Department figures.....

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