Foreign scrap export limits said hurting US

Apr 23, 2012 | 01:01 PM | Lisa Gordon

Tags  scrap exports, Steel Dynamics, SDI, the Techs, Jim Anderson, Steel Manufacturers Association, OmniSource, Lisa Gordon

PITTSBURGH — The United States must address foreign scrap export restrictions and invest in infrastructure if mini-mills are to remain competitive, industry players said in testimony Friday before the Congressional Steel Caucus.

"Excessive foreign purchases of U.S. scrap are hollowing out our domestic scrap supply, while other countries’ own scrap export restrictions distort markets and discourage the development of needed recycling networks," Jim Anderson, general manager of Steel Dynamics Inc. (SDI)-owned the Techs, testified during the session on behalf of the Steel Manufacturers Association (SMA).....

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