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View Full Version : Scrap metal makes money



NewsWhore
05-15-2008, 02:40 PM
A report by the Dominican Republic Center for Exports and Investment (CEI-RD) indicates that in the first four months of the year scrap metal exports totaled US$14.1 million while aluminum exports totaled US$11.6 million. Aluminum was subject to the greatest increase. Last year exports of the metal totaled US$290,000. Together the metal exports represent 15.4% of total quarter exports. Steel and iron exports also increased by 11.8% this year with relation to last year. While the authorities have tried to structure the export of scrap metals, trying to limit the theft of the metal products, including telephone and electric wiring, Listin Diario writes that there is little or no transparency when it comes to knowing the origins of the metals. Theft and resale of metal objects have become big business in recent years.

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