Some US regions said immune to scrap exports

Nov 10, 2011 | 03:34 PM | Lisa Gordon

Tags  scrap exports, AMG Resources, Allan Goldstein, Newell Recycling, Frank Goulding, Scrap Metal Services, Ralph Pinkert, AK Steel Gallatin Steel

CHICAGO — The different scrap-generating regions in the United States continue to face their own unique sets of challenges and opportunities, with some areas proving much more sensitive to the fickle export market.

"The past 10 months have been a sea of tranquility in terms of pricing. However, it changed this month and scrap took a tumble. It is always easier to analyze it after the fact and I believe it is a sharp dip in export demand," Allan Goldstein, president and chief executive officer of AMG Resources Corp., Pittsburgh, told attendees at AMM’s Steel Scrap Conference in Chicago.....

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