Steel Products
June Ferrous Scrap Exports Down Across the Board
Written by Brett Linton
August 13, 2013
Written by: Brett Linton
June ferrous scrap exports totaled 1,405,041 metric tons (1,548,791 net tons) with Turkey, Taiwan, South Korea, Vietnam, and Egypt being the top five countries where scrap was sent. Exports to most of the big players in the market, with the exception of Taiwan, South Korea and Vietnam, dropped dramatically from the prior month. Compared to the same month last year, ferrous scrap exports are down for all of the major countries besides Vietnam. The top ten countries of export are listed in the table below.
June ferrous scrap exports were 34.5 percent lower than previous month and 26.3 percent lower than the same month one year ago. This sharp decrease over the previous month is primarily attributed to the large decrease in tonnage to Turkey and China. There were also unusually large shipments going to Malaysia in May that contributed to the lower figures for June.

Brett Linton
Read more from Brett LintonLatest in Steel Products

Steel caucus pushes US trade officials to maintain strong S232 program
The bipartisan Congressional Steel Caucus is pushing for US officials to maintain a robust Section 232 program as they negotiate trade deals with America's trading partners.

Active rig count declines in US, Canada
Oil and gas drilling activity slowed in the US and Canada this past week. An unfamiliar trend after both regions saw repeated gains of late.

Plate market buzzes with rumors of secret deals from mills
Carbon steel plate market participants suspect that this week’s modestly softer prices are the result of quietly negotiated prices between plate purchasers and mills.

HR Futures: Forward curve shifts lower, structure maintains
Scraping lower-quartile $800s on nearby futures is bringing limited trading ideas for CME hot-rolled coil (HRC) at present.

Nucor drops HR spot price to $865/ton
Nucor has lowered its hot-rolled (HR) spot price by another $10 per short ton (st) this week.