Long worthwhile read on the scrap industry.

It's a very long read but very interesting.

http://www.schnitzersteel.com/docume...n-2014-10k.pdf

Wild. The first table alone is worth the read (page five). The report is a little old but I'm astounded that more than half the revenue comes from sales to Asia. I knew it was high, just not that high. I'm also happy to see revenues from domestic sources going up about 5% per year. Does anyone know if that trend has continued?

Does Mexico count as North America or South America for export purposes? I had been assuming they were lumped in with other Latin-speaking countries.

It's interesting to see the change in volume and value from 2012 to 2013. I recall that it was a sharp drop; I just hadn't seen it on paper from someone as big as Schnitzer.

Originally Posted by Breakage

Wild. The first table alone is worth the read (page five). The report is a little old but I'm astounded that more than half the revenue comes from sales to Asia. I knew it was high, just not that high. I'm also happy to see revenues from domestic sources going up about 5% per year. Does anyone know if that trend has continued?

Does Mexico count as North America or South America for export purposes? I had been assuming they were lumped in with other Latin-speaking countries.

It's interesting to see the change in volume and value from 2012 to 2013. I recall that it was a sharp drop; I just hadn't seen it on paper from someone as big as Schnitzer.

I feel like its more common to see bigger companies like schnitzer and sims to have more foriegn sales because well their bigger and have yards there as well. Where as smaller yards like where i work cant really supply the volume foriegn buyers want and its way more difficult to get stuff sent there if your not used to doing so. Most of what we shred where I work gets sent 30 miles across the Delaware and cast into pipe. Which is what I would imagine also happens at alot of the other domestic smaller scale shredders. Which would take alot of the domestic sales away from the big guys.