Competition, exports pressure shredders
Nov 12, 2012 | 05:20 PM
| 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 cant 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 AMMs 6th Annual Steel Scrap Conference in Philadelphia.
Bradys 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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