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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