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(AMM) Sept. scrap export data shows hints of crisis to come

November 14, 2008 - 21:26 GMT Location: New York

The beginnings of what later became a sickening plummet in scrap metal exports can be seen in September U.S. Census data, with overall dollar value of shipments off by 25 percent from the previous month.

For shipments to all destinations, declines of 30 percent were recorded for steel and iron scrap, 20 percent for aluminum scrap and 10 percent for copper and brass scrap.

For shipments to China, which is the leading buyer of U.S. material, the declines were 20 percent for aluminum scrap and 6 percent for copper and brass scrap. Ferrous scrap to China surprisingly rose by 10 percent in value from August.

China's...

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Ferrous

May 16, 2012 13:06 DAILY SCRAP REPORT: Romanian offers fall on weak activity
May 16, 2012 12:59 Ferrous scrap offers into SE Asia down $10 per tonne
May 16, 2012 11:25 Japanese ferrous scrap prices continue to fall
May 16, 2012 04:30 British Columbia scrap export rules to be tightened
May 16, 2012 00:23 Ban on electronic scrap exports would hurt jobs, US ITC says

Non-Ferrous

May 16, 2012 23:25 US nonferrous scrap exports up 10.2% in 1st qtr.
May 16, 2012 17:01 MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES
May 16, 2012 15:57 UK secondary aluminium prices down again as Europe remains closed
May 16, 2012 04:30 British Columbia scrap export rules to be tightened
May 16, 2012 00:23 Ban on electronic scrap exports would hurt jobs, US ITC says

Comment & analysis

COMMENT: Keep calm and carry on?

The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?
TREVOR TARRING: The baby and the bathwater

“Don’t throw out the baby with the bathwater” is a well-known adage.
MAN OF STEEL: The only way is down

Bleak news wherever we look. We see examples of low prices for all steel products being achieved in China, India, Brazil, the USA and Europe. The Russian market is weak and the CIS mills are now eyeing all export markets to get rid of serious tonnage.