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: December 2016
The metal market was able to stop the skid for the time being as scrap prices for crushed auto bodies increased nationally 4.1% since last month. The average price per gross ton is now up to about $136. The end of the year increase is encouraging after three straight months of steady decline. An article