UTC+8 ( BJT)

USA: ferrous scrap Oct exports rebound by 27% m-o-m

Exports from the USA - world's largest ferrous scrap supplier, shot up by 27% m-o-m to 1.47 mn t in Oct'20 as against last month, amid a surge in shipments to Turkey, Bangladesh and Mexico.
However, on a yearly basis, export volumes registereda total of1.52mnt,marking adecrease by 3% during CPLY. Turkey remained the top importer -Turkey, the top buyer of US ferrous scrap, abruptly rose by 95%in Oct'20to 0.37mnt from 0.19mnt in Sep'20.Turkish steel millswerelooking to replenish inventories after backing away from the deep-sea. Overseas buyers

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