As the international nonferrous metals market looks increasingly to China to determine how the global supply-demand dynamic will unfold, several important trends have developed in the U.S. that are likely to affect secondary smelting operations. In the secondary metals recycling industry in particular, despite recent pricing softness, market participants have had to manage the effects of a shrinking supply base, driven in part by the growth of exports to China and a decline in both retail and industrial scrap rates domestically.
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