Oil prices, rebar markets key scrap indicators Harris

Nov 11, 2008 | 12:25 PM |

John Harris, ArcelorMittal USA Inc.'s director of raw materials, was careful not to attach any numbers to the overview he shared on the scrap and steel markets in a keynote presentation at AMM's 2nd Annual Scrap Conference Tuesday. But he did tell attendees where to look for signs of what direction both sectors might take.

"First of all, you have to look at what is going to happen in the Middle East in regard to rebar," said Harris, who currently is responsible for all of ArcelorMittal's scrap purchases in Canada and the United States. "The No. 1 question is what is going to affect that Middle East rebar market." ....





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