Turkey sinks Oct. exports; shred hit hardest

Dec 18, 2012 | 05:26 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, shredded, heavy melt, Commerce Department, Sean Davidson

NEW YORK — Weak Turkish interest sent U.S. ferrous scrap exports significantly lower for the second consecutive month in October.

Improved demand from some parts of Asia offered little respite as exports to Turkey plunged, with shredded scrap taking the biggest hit.

Ferrous scrap exports totaled 1,464,569 tonnes in October, down 10.2 percent from 1,631,442 tonnes the previous month and 18.4 percent below volumes sent overseas in October 2011, according to the latest U.S. Commerce Department data.....

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