US iron and steel scrap exports up slightly in July from June

According to the Mineral Industry Survey released by the US Geological Survey (USGS), stocks of imported and domestic scrap in the US at the end of July 2012 were down by four percent compared to the end of June.
 
Exports of iron and steel scrap for the month of July 2012 increased slightly to 1.94 million mt compared to June. Turkey was the leading country of destination, with 609,000 mt, accounting for 31 percent of total export tonnages, followed by Taiwan with 354,000 mt and China with 220,000 mt.
 
Imports of iron and steel scrap in July this year were down by 10 percent month on month, amounting to 236,000 mt. Canada was the leading country of origin, accounting for 92 percent of the total imported tonnage, exporting 216,000 mt of iron and steel scrap to the US in the given month.