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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...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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Ferrous

Feb 8, 2012 13:04 DAILY SCRAP REPORT: More ferrous material sold as index drops again
Feb 8, 2012 01:57 RG restart keeps floor under Philly scrap prices
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