China’s Steel Exports Fall in November
The latest news out of the steel industry is that China’s steel exports drop for the 4th straight month. In November, Chinese exports of steel dropped 16% compared to a year ago to 8.12 million tons.¹ According to Bloomberg, there is little chance that exports catch last years 12 month record. If this plays out
Scrap Metal Market: September 2016
Scrap metal prices for crushed autobodies saw a 2.45% decrease over the past month (see August 2016 Scrap Metal Market Watch) and have grown 47.82% over the past year. However, this still represents the 35% decrease since January of 2014.