Competition, exports pressure shredders
Nov 12, 2012 | 05:20 PM
| Lisa Gordon
Tags
scrap,
shredder,
Rich Brady,
Steel Dynamics,
AMM's 6th Annual Steel Scrap Conference,
Lisa Gordon
PHILADELPHIA — Metals recyclers with auto shredding operations are facing supply and financial pressures, and would be well served to shutter scrap assets that can’t turn a profit, Steel Dynamics Inc. vice president of ferrous resources and logistics Rich Brady said.
"Rationalize ineffective assets. I know that is difficult. The structural changes are typically the last one to be acknowledged," Brady said at AMM’s 6th Annual Steel Scrap Conference in Philadelphia.
Brady’s comments come at a time when headwinds in securing feedstock have increased due to the sheer rise in the number of shredders and growth in the export arena, he said.....
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