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Nonferrous scrap exports fall in November

Keywords: Tags  scrap, nonferrous scrap, scrap exports, Commerce Department, aluminum scrap, copper scrap, UBCs, used beverage cans lead scrap

NEW YORK — Nonferrous scrap exports lost some ground in November as shipments of most major metals fell.

Exports for the nonferrous scrap grades tracked by AMM totaled 281,850 short tons in November, down 11.4 percent from October’s 317,963 tons and 11.6 percent below the 318,878 tons shipped overseas in November 2011, U.S. Commerce Department data show.

The monthly slide sent shipments for the first 11 months of the year to 3,365,998 tons, down 2.6 percent from the same period a year earlier.

Aluminum scrap exports lost the most ground by volume, declining to 156,019 tons in November. That’s down 12.3 percent from 177,930 the prior month and 17.8 percent below the year-earlier 189,706 tons.

Red metal exports, the second-largest volume leader after aluminum in U.S. nonferrous scrap exports, also dropped in November to 107,929 tons, down 10.5 percent month on month and 5.3 percent lower than November 2011 levels.

As a result, the totals for aluminum and copper scrap exports during the first 11 months of 2012 were down 2.8 percent and 2.7 percent, respectively, to 1,961,469 tons and 1,210,606 tons.

Also registering monthly declines were aluminum used beverage cans (UBCs), nickel and lead.

UBC exports fell 30.2 percent to 3,854 tons in November but remained 3.6 percent above levels seen in the same month the previous year. That put the 11-month tally at 52,502 tons, up 26.6 percent year on year.

Nickel scrap exports of 2,235 tons slid 8.2 percent month on month in November but were still 14.3 percent higher year on year. For the first 11 months of 2012, nickel scrap exports fell 18 percent to 26,473 tons.

Offshore sales of lead scrap plummeted to 1,870 tons in November, down 54.3 percent from October and 31.5 percent below November 2011 levels. That put the January-to-November total at 26,115 tons, down 19.1 percent from the comparable 2011 period.

Zinc scrap was the only category to buck the trend, with deliveries abroad rising 33.8 percent month on month and 47 percent year on year to 9,943 tons. That pushed the total for the first 11 months of the year up 3.1 percent to 88,833 tons.

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