Scrap to rise after slow 2013 start: Alvarado

Jan 07, 2013 | 12:36 PM | Lisa Gordon

Tags  Commercial Metals, CMC, scrap prices, scrap shipments, ferrous scrap, nonferrous scrap, Americas Recycling, Joseph Alvarado Lisa Gordon

PITTSBURGH — U.S. scrap prices are expected to gain some strength during the current quarter despite a sluggish start to the market in 2013, according to Commercial Metals Co. (CMC) chairman, president and chief executive officer Joseph Alvarado.

The optimism stems from the historical trend, with Alvarado noting during a conference call on the company’s fiscal first-quarter earnings results that scrap prices for January are ranging from flat to slightly up.....

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