Business lessons of the aughts ought not to be ignored
Mar 31, 2011 | 07:00 PM
| John Ambrosia
The past decade has been an interesting one for the scrap industry, to say the least. Demand has blossomed, prices have soared and profit margins for the most part have been good.
Yet just a little more than two years ago, markets were in a state of near-panic after domestic mill productivity plunged to its lowest point in history and export demand nosedived. No one then thought that prices would soon rebound to historically high levels, but yet thats where they are today.
Ferrous scrap prices are the best ever for a first quarter, well ahead of the same period in the boom year of 2008 (though to be fair, April 2008 began the second quarter with a huge increase in what turned out to be a run-up to all-time-high prices; such a dramatic repeat performance seems doubtful this year).
Similar fortunes also are true, to take just a few examples, for used beverage cans, No. 1 brass mill copper and stainless 304 solids and clips, which this year have either reached average annualized all-time highs (aluminum and copper scrap) or come close to them (stainless steel scrap).....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.