Ferrous scrap exports fall as China retreats

Jul 14, 2014 | 10:10 AM | Sean Davidson

Tags  scrap, exports, ferrous, Turkey, China, heavy melt, HMS, shred Sean Davidson

NEW YORK — U.S. ferrous scrap exports plummeted in May compared with the same month last year following a dramatic cutback in demand from China and Turkey.

Exporters shipped 1.55 million tonnes of ferrous scrap, down 27.8 percent from nearly 2.15 million tonnes in May last year, as shipments to China plunged 75 percent to 55,420 tonnes from 222,065 tonnes and sales to Turkey fell 36.9 percent to 441,078 tonnes from 699,537 tonnes, according to the latest U.S. Commerce Department data.....

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