December 03, 2008

Joseph Smith to expand scrap export market

US based Joseph Smith & Sons Inc will open a bulk cargo terminal in order to expand its export market of ferrous scrap.

By establishing a joint venture with European Metal Recycling, Smith will have the capability to handle though the new deepwater terminal. And this will make Smith the first company to ship ferrous scrap loaded in bulk cargo in Baltimore, while other processor in that region ship in containers.

Due to the recent depreciation of US dollar, it will be helpful for US scrap handlers to expand their overseas markets.

(Sourced from YIEH.com)