Economy
November 8, 2014
Scrap Exports Down 19.4%
Written by Peter Wright
In the first nine months of 2014, scrap exports totaled 11,586,000 tonnes, down by 19.4 percent from the same period in 2013.
In the single month of September exports were 1,163,489 tonnes, this was the second lowest month of the year following August which was the highest month. That’s why, in most cases, SMU uses three month averages in its data analysis. Figure 1 shows that the three month moving average has been fairly consistent for the last five months through September and continued to be lower than the average in any year from 2008 through 2013.
