Ferrous scrap exports climb in May

Jul 12, 2013 | 04:14 PM | Sean Davidson

Tags  Ferrous scrap, U.S. exports, ferrous scrap sales, shredded scrap, No. 1 heavy melt, China, Malaysia, South Korea Vietnam

NEW YORK — A surge in demand from China and Malaysia helped boost U.S. ferrous scrap export volumes in May as sales to South Korea continued to falter.

U.S. exporters shipped 2,145,513 tonnes of ferrous scrap to offshore consumers in May, up 5.4 percent from 2,035,205 tonnes in the same month last year, according to the latest data from the U.S. Commerce Department. The figure marks the highest monthly volume this year and the first time ferrous scrap exports exceeded 2 million tonnes since August 2012.....

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