Scrap not a conflict mineral: steel sector

Aug 08, 2012 | 09:30 AM | Catherine Ngai

Tags  SEC, Congressional Steel Caucus, Tim Murphy, Peter Visclosky, Mary Schapiro, scrap metal, ferrous scrap, conflict mineral scrap

NEW YORK — The Congressional Steel Caucus is urging the Securities and Exchange Commission (SEC) not to classify steel scrap as a conflict mineral.

If scrap metal were to be classified as a conflict mineral, it would put U.S. steelmakers at risk of being globally uncompetitive, caucus chairman Rep. Tim Murphy (R., Pa.) and vice chairman Rep. Peter J. Visclosky (D., Ind.) said in a letter to SEC chairwoman Mary L. Schapiro. ....

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