Ferrous scrap exports from the United States shot up by 26.6% month on month in October amid a surge in shipments to Turkey, Bangladesh and Mexico.
US exports of ferrous scrap totaled 1.49 million tonnes in October, up from just shy of 1.18 million tonnes in September and 1.87 million tonnes August.Shipments to Turkey, the top buyer of US ferrous scrap, rose by 93.1% to 365,237 tonnes from 189,142 tonnes in September, with Turkish steel mills looking to replenish inventories after backing away from the deep-sea market the...