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This is your insider’s guide to the metals industry, with in-depth commentary and analysis by AMM’s executive editor. Separate from AMM's daily news coverage, AMM Inner Circle will offer market intelligence of a different kind. This is where you can get inside the heads of industry executives and market experts, where conversations happen, where our editors can share some of their insights outside of the constraints of traditional news and market stories. We'll take you behind the numbers and explain what they mean, post a wealth of reference material, and really dig into the issues facing the market today - join the Inner Circle and gain access to a new level of market intelligence. 

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Jul 27, 2012 | 06:18 PM

Almost everything you ever wanted to know about container trade

Tags  U.S. ferrous scrap exports, U.S. container vessels, Bureau of Transportation Statistics, BTS, Matthew Chambers

A special report issued by the Bureau of Transportation Statistics (BTS) confirms what U.S. ferrous scrap consumers and export yards have been feeling the ill effects of—or benefitting from—respectively for the past several years, namely that container vessel calls, capacity, and deadweight tonnage of ships arriving at and departing from Pacific Coast seaports and, increasingly, along the U.S. Atlantic and Gulf Coasts are on the rise.

Although ferrous scrap accounts for only a modest percentage of the goods floated around the globe in container vessels, the once unheard of practice of shipping ferrous scrap via containers off the U.S. Atlantic and Gulf Coast seaports has caught on quickly and, in the process, has begun to wield a significant influence on the prices paid for the steelmaking raw material by domestic steel mills and foundries.
Statistics compiled through November of last year and issued by the U.S. Department of Commerce guarantee 2011 will mark the fourth year in a row that U.S. ferrous scrap exports topped the 20-million-tonne mark. Turkey, which imported 5,152, 100 tonnes of U.S. ferrous scrap through the first eleven months of the year, led the pack followed by China at 4,016,963 tonnes, Taiwan at 3,210, 447 tonnes, and South Korea at 2,807,066 tonnes.....


Jo Isenberg

Jo Isenberg is executive editor of AMM. She has been covering the steel industry for over 30 years and has served as editor of AMM for the last 11 years – the most successful decade in the publication’s long history.