Exporters shipped 1.55 million tonnes of ferrous scrap, down
27.8% from nearly 2.15 million tonnes in May last year, as
shipments to China plunged 75% to 55,420 tonnes from 222,065
tonnes and sales to Turkey fell 36.9% to 441,078 tonnes from
699,537 tonnes, according to the latest US Commerce Department
data. May did deliver one anomaly: Commerce data indicated a
single bulk cargo sale from Los Angeles to Turkey, a route that
is never competitive due to...