High scrap exports, low stocks breed volatility
Mar 12, 2013 | 01:11 PM
| Corinna Petry
Tags
Ferrous scrap,
scrap exports,
shredders,
Lynn Lupori-Gray,
Hatch Consulting,
Brian Williams,
Flack Steel,
Jason Redden
Omnisource
CHICAGO — U.S. ferrous scrap exports and low scrap inventories at domestic mills are contributing to volatility in both supply and prices, according to speakers at a Chicago conference.
Lynn Lupori-Gray, managing consultant at Mississauga, Ontario-based consulting firm Hatch Ltd., said there are three primary reasons U.S. scrap exports have grown 200 percent since 2002: The United States has a lot of scrap; it has a lenient export policy; and it has a sophisticated supply chain.....
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