Birmingham ferrous scrap mart shows strength

Apr 04, 2012 | 05:32 PM | Lisa Gordon

Tags  ferrous scrap, Birmingham, No. 1 heavy melt, busheling, plate and structural scrap, obsolete grades, industrial grades, Lisa Gordon

PITTSBURGH — The ferrous scrap market in the Birmingham, Ala., area is showing resilience, with recyclers for the most part managing to avoid giving up ground on prices in April.

While there were a couple of reports of slightly lower tags for cut grades, obsolete grades—including plate and structural scrap, No. 1 heavy melt and shredded scrap—held relatively steady due to tight supply stemming from weak intake at shredders, which are paying less to the public.....

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