OmniSource eyes scrap price rebound
Jul 24, 2012 | 01:51 PM
| Lisa Gordon
Tags
Omnisource,
Steel Dynamics,
Inc.,
ferrous scrap,
Mark Millet,
Russ Rinn,
financial results,
Lisa Gordon
Pittsburgh — Scrap prices are expected to rebound as a resurgence of export interest and a heftier appetite for ferrous scrap on the part of domestic mills have led once again to demand outweighing supply, OmniSource Corp.’s top executive said.
"The scrap market in general has firmed up after taking a big hit over the past quarter to the point where the flows have stopped fairly dramatically. ... We are seeing upward pricing pressure on the domestic side," Russ Rinn, president and chief operating officer of OmniSource, said on parent company Steel Dynamics Inc.’s earnings call Tuesday. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here