Industrial scrap prices to rise analyst
Nov 09, 2010 | 11:59 AM
|
The ongoing loss of manufacturing facilities in the United States points to a steady loss of prime industrial scrap and higher scrap prices, according to industry analysts at Canaccord Genuity Corp.
"The exodus of manufacturing factories from the United States has eroded the country's scrap supply. Every time an appliance manufacturer uproots a factory from the United States and transplants it to a foreign country, the scrap byproducts that the plant used to produce disappear too," Eric Prouty, Canaccord Genuity's Boston-based analyst, said in the company's semi-monthly newsletter, Talking Trash.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here