Ferrous scrap price volatility 'hurts': CMC
Mar 28, 2013 | 03:36 PM
NEW YORK Ferrous scrap prices in the United States will fluctuate by between $10 and $20 per gross ton over the next few months, the top executive of Commercial Metals Co. (CMC) forecast.
These price fluctuations will likely vary by region, CMC chairman, president and chief executive officer Joseph Alvarado told analysts on a March 28 earnings call, noting that current demand for scrap is steady in the United States but weak internationally.
Scrap prices will remain somewhat volatile over the next few months, which will continue to adversely impact the recycling industry, Alvarado added, calling scrap price volatility the industrys biggest challenge. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.