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
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant
Service centers: Mill orders retreat in March
SMU’s Mill Order Index declined in March after repeated gains at the start of the year, according to our latest service center inventories data.
Nucor maintains plate prices
Nucor aims to keep plate prices flat with the opening of its June order book.
US rig count up, Canada declines
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US rig counts expanded for a second straight week, while Canadian activity continued its seasonal slowdown of eight consecutive weeks.