Scrap feels heat of US shredding overcapacity
May 22, 2012 | 03:18 PM
| Anne Riley
Tags
shredders,
OmniSource,
Rich Brady,
Wire Rod Supply Chain Conference,
AMM,
American Wire Producers Association,
anne riley
DALLAS — An oversupply of domestic shredding capacity is contributing to the recent trend of "hyper-competition" in the U.S. scrap market, according to Rich Brady, executive vice president of OmniSource Corp.’s ferrous commercial group.
"Talking about the returns on this business and these investments, it’s a very, very competitive environment today. There’s a tremendous amount of capacity," Brady told attendees at the Wire Rod Supply Chain Conference in Dallas sponsored by AMM and the American Wire Producers Association.....
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