Asian shift hits US scrap exports in quarter
May 22, 2013 | 04:38 PM
| Sean Davidson
NEW YORK U.S. ferrous scrap exports slipped slightly in the first quarter compared with a year earlier as demand from Asian consumers remained underwhelming.
First-quarter exports totaled 5.38 million tonnes, down 0.8 percent from nearly 5.43 million tonnes in the same period last year.
Exporters shipped 1.96 million tonnes in March, down 8.6 percent from nearly 2.15 million tonnes in the same month last year due to significant declines in offshore sales to China (down 41.1 percent from March 2012 to 178,720 tonnes), South Korea (down 35.6 percent to 226,838 tonnes), Taiwan (down 21.4 percent to 271,980 tonnes) and India (down 62.3 percent to 52,877 tonnes), according....
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