FULL OF SCRAP Wanted paper clips and bobby pins
Aug 01, 2007 | 01:55 PM
$370 a long ton for shredded? You haven't seen anything yet
What sort of ferrous scrap will be left to melt in, say, 2017? It is a fair question to ask, given the steel production predictions discussed at the Steel Success Strategies XXII conference in New York co-sponsored by AMM and World Steel Dynamics Inc. (WSD).
Unveiling their outlook for the industry, WSD managing partners Peter F. Marcus and Karlis M. Kirsis said that the "Age of Metallics," which they had discussed in years past, "seems likely to remain in full force." In other words, the expansion of steelmaking in the next decade should be so strong that scrap supplies, particularly obsolete scrap supplies, won't keep pace with new demand.This is not to say there will be a ferrous scrap shortage. Those words always conjure up notions that scrap from old cars and demolished buildings will disappear completely and be replaced by scrap alternatives like pig iron and direct-reduced iron. There will always be ferrous scrap. It is an end product of developed economies. ....
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