Ferrous scrap exports mixed in March

May 12, 2014 | 06:34 PM | Sean Davidson

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

NEW YORK — Weak demand from Turkey, South Korea, Taiwan and China led ferrous scrap exports to fall 32.3 percent year on year in March, U.S. Commerce Department data show, although the picture was different on a month-on-month basis.

Shipments for the first quarter declined 36.4 percent as exporters struggled to find willing homes in importing countries due to such factors as currency values, weaker scrap flows, strong U.S. domestic prices, finished product demand and political instability in importing regions.....

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