Scrap pickup not on horizon: A&A exec
Sep 26, 2012 | 12:25 PM
| Lisa Gordon
PITTSBURGH Scrap prices wont rebound in the near term, according to a top executive at A&A Midwest Recycling, whose bearish forecast for the fourth quarter stems from a slowdown in the Chinese economy and financial issues facing Europe.
"I just dont see anything out there to drive prices up over the next few months," Scott Stolberg, president and chief executive officer, told AMM. "(Prices) are already heading down now and will stay down through the rest of the year. I dont see the economy as being all that strong, and while there is some activity going on its not all that much."....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.