US ferrous scrap exports fall as dynamics shift

Aug 08, 2013 | 04:23 PM | Sean Davidson

Tags  ferrous scrap, scrap exports, Commerce, Sean Davidson

NEW YORK — U.S. ferrous scrap exports of 9.91 million tonnes in the first half of the year were down 11.9 percent from nearly 11.26 million tonnes in the same period last year, reflecting lower demand from most major offshore consumers.

Fundamental changes to the Japanese yen, a stronger dollar, weaker global demand for finished steel and shifting market dynamics in Europe and the Middle East have combined to make it a challenging year for U.S. scrap exporters.....

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