Construction sector adds jobs while spending eases
Construction jobs were one of the drivers in the overall employment rate during the month.
Construction jobs were one of the drivers in the overall employment rate during the month.
Some players are seeing a bit of light after this month, depending on steelmaker appetite for recycled metals.
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The company uses about 85% scrap in flat-rolled steel, and more in other products.
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“Owners and developers continued to prime the planning queue in August, ahead of next year’s anticipated stronger market conditions."
Scrap/DRI feeding ratios typically vary from 70/30 to 10/90, depending on the steel being produced and the availability of scrap, according to Midrex.
Great Lakes area mills have entered the September ferrous scrap market.
Smelters may choose to increase their use of secondary materials, including scrap, to mitigate their losses.
“EAFs are a great technology, and as you incorporate iron making in that for the flat-roll side, that becomes the bridge."