Small players gain scrap export opportunities

Nov 10, 2011 | 01:02 PM | Lisa Gordon

Tags  scrap, scrap exports, ferrous scrap, David J. Joseph, David Hodory, Lisa Gordon

CHICAGO — The global scrap market is growing as the number of players in the domestic sector is narrowing, increasing opportunities for small players to export.

In the 1990s, there were 27 domestic consumers in the U.S. scrap market and exports accounted for 80 percent of consumption. Just a decade later, while the export percentage remains the same, the number of domestic consumers has shrunk to eight. This opens the door to a growing percentage of export business as global steel production grows.....

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