Poor Asia demand hits ferrous exports

Jun 13, 2012 | 03:18 PM | Sean Davidson

Tags  ferrous scrap exports, sean davidson

NEW YORK — Weak Far East Asian demand severely curtailed U.S. ferrous scrap exports in April, though the drop was offset slightly by a gain in deliveries from the East Coast.

Demand from West Coast exporters’ key customers—China, South Korea and Taiwan—declined in April, sending total exports down to 1,889,238 tonnes, according to the latest Commerce Department data. That’s a 12.1-percent decline from 2,149,519 tonnes in March and a 16.2-percent decrease from 2,253,505 tonnes in April 2011.....

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