Price weakness lifts ferrous exports in July
Sep 19, 2012 | 04:37 PM
| Sean Davidson
NEW YORK U.S. ferrous scrap exports posted a modest gain in July as a rebound in Chinese demand and strong sales to Turkey helped negate volumes lost to an elusive South Korean market.
Ferrous scrap exports totaled 1,936,348 tonnes in July, according to the latest U.S. Commerce Department data, up 1.6 percent from 1,905,052 tonnes the previous month and 3.6 percent ahead of 1,868,280 tonnes shipped abroad in July 2011.
South Korean consumers logged the most significant tonnage drop as they shifted their attention to closer shores, taking in 152,416 tonnes from U.S. suppliers in July, down 44.4 percent from 274,316 tonnes in June and 22.1 percent below the July 2011 total of 195,685 tonnes.....
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.