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.
The company uses about 85% scrap in flat-rolled steel, and more in other products.
“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.
“EAFs are a great technology, and as you incorporate iron making in that for the flat-roll side, that becomes the bridge."
Sims says it is banking on decarbonization efforts and the growth of Electric Arc Furnaces to continue to drive North American demand for scrap.
The steelmaker is making investments to add more low-copper shred to its production mix
A look at the last week and what lies ahead.