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(AMM) Zinc scrap exports jump to 19-month high

July 30, 2010 - 21:26 GMT Location: PHILADELPHIA

KEYWORDS: China , zinc scrap , exports

A Chinese buying binge spurred U.S. zinc scrap exports in May to their highest level in 19 months.

Shipments of the galvanizing scrap rose by nearly 48 percent to 10,220 short tons from 6,924 tons in April, according to the latest figures from the U.S. Commerce Department, the highest one-month total since October 2008, when U.S. exporters delivered 11,534 tons to their overseas customers.

China, the dominant player in the market, accounted...

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