Market
February 1, 2013
Ferrous Scrap Exports – January through November 2012
Written by John Packard
The post Ferrous Scrap Exports – January through November 2012 appeared first on Steel Market Update.
Market
February 1, 2013
Written by John Packard
The post Ferrous Scrap Exports – January through November 2012 appeared first on Steel Market Update.
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.
Hopes for stabilization or even a slight recovery is fading as more players expect further declines in September.
North America is not quite speaking with one voice about China, but the cooperation is evident.
Hopes of a bottom fading as export prices collapse and industrial scrap shows signs of slowing.