Scrap prices look sideways: OmniSource

Jan 29, 2013 | 04:54 PM | Lisa Gordon

Tags  ferrous scrap prices, Steel Dynamics, OmniSource Corp., Mark Millett, Russ Rinn, Lisa Gordon

PITTSBURGH — Scrap prices are expected to mimic changes in order books at steel mills going forward as the February market appears willing to just roll over, according to Russ Rinn, president and chief operating officer of Steel Dynamics Inc subsidiary OmniSource Corp.

“As you look at scrap pricing trends, it is going to follow order books of steel mills. As soon as prices move up, (scrap) will follow. So far, it has been kind of steady,” Rinn said.....

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