Russia export ban impact on US eyed

A Russian ban on scrap metals exports from some of the country’s eastern ports could boost demand for material from the U.S. West Coast, although the industry is divided on just how much prices in the domestic U.S. market will be affected.

South Korea is already the fourth-largest consumer of U.S. scrap, taking in slightly less than 3 million tonnes in 2011. Some market sources suggested South Korean buyers would likely boost...


Sean Davidson

February 29, 2012

22:11 GMT

New York