Scrap shipments lead US container exports in August

Friday, 14 October 2011

The Journal of Commerce/PIERS reported Thursday that US containerized exports in August were up 5.4 percent year-on-year, marking a three-month high. Overall containerized exports rose 1.2 percent over July volumes and 8 percent year-to-date, through August. In particular, scrap metals shipments were up 32 percent in August over July.

Exports totaled 977,330 20-foot equivalent units (TEUs) in August, for a second consecutive monthly gain. Total US exports in July and August were also up 5.2 percent over the same period last year.

Tags: scrap , raw mat , USA , North America , freight , trading (sourced steelorbis)

Anshan Steel sets up joint venture for recycling of ships

Thursday, 03 Mar 2011 |steelorbis|

It is reported that Liaoning Province-based Chinese steel producer Anshan Iron and Steel has announced the establishment of a new joint venture company Dachuan Gangye Co for the dismantling and recycling of ships.

The new company is owned jointly by Anshan Steel, Dalian Shipyard Group and Pacific International Lines Ltd in a ratio of 15:67:18.

In September 2010, Anshan Steel had signed an initial agreement with the other two companies to jointly establish the new company. After the new joint venture begins operations, Anshan Steel will acquire an additional of 500,000 tonnes of scrap supply per year.