PITTSBURGH Scrap metal
exports represent a "potential niche cargo market" for
Connecticuts ports, according to a report commissioned by
the state Department of Transportation that calls for more
exports to be shipped from the Port of New Haven.
Scrap metal is the states
single-largest export commodity by weight. Of the 950,000 tons
of scrap produced in the state each year, about half is shipped
to China, Turkey, Egypt and Saudi Arabia, with the balance
trucked to New Jersey, Pennsylvania and Rhode Island, the
"In order to capture a greater
share of the volume of scrap from Connecticut
leaking to other ports, it may be necessary to
develop and support, perhaps with some incentives, a statewide
brokering system," the report said.
One opportunity would be for
Connecticuts three largest scrap
processorsidentified in the report as New York-based Sims
Metal Management Ltd., Norwalk, Conn.-based LaJoies Scrap
Metal & Recycling, and Stamford-based Rubino Brothers
Inc.to enter a public-private partnership to develop such
a brokering system, which would allow smaller scrap metal
dealers to export through the Port of New Haven.
The state could offer benefit
grants or other incentives to increase scrap exports through
New Haven, the report suggested, noting that the scrap metal
industry is a vital and growing business, particularly with
steel production increasing on other continents.
"This report is an important
tool to strengthen the economic potential of Connecticuts
deepwater resources," Gov. Dannel P. Malloy said in a
statement. "Expanding business development and creating jobs
are keys to economic recovery, and this study highlights ways
we can support our maritime industries and effectively compete
for limited federal resources."