Ferrous scrap exports slide in first half of ’14

Aug 12, 2014 | 04:13 PM | Sean Davidson

Tags  scrap, steel, exports, ferrous, Turkey, China, Taiwan, Vietnam Indonesia

NEW YORK — U.S. ferrous scrap exports plunged 23.5 percent in the first half of the year compared with the same period in 2013 due to weaker demand from most major importing countries.

The latest data from the U.S. Commerce Department show that ferrous scrap exports fell to 7.58 million tonnes in the first six months of 2014 from more than 9.91 million tonnes a year earlier.

The decline was led by a 34.7-percent drop in shipments to Turkey, which took 1.78 million tonnes of U.S. ferrous scrap from January through June vs. nearly 2.73 million tonnes in the first half of 2013.....

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