New bulk scrap exporter enters E. Coast market
Nov 15, 2013 | 06:31 PM
| Sean Davidson
NEW YORK The United States has a new player in the bulk ferrous scrap export market, AMM has been told.
Stemcor USA Inc. has entered into a joint venture with a recently formed scrap company structured for bulk ferrous scrap exports out of southern Florida, according to several sources.
Stemcors scrap trading division has agreed to finance and trade bulk cargoes aggregated by a scrap company run by industry veterans Stuart Kroll and George Ginsburg, sources said.
New York-based Stemcor didnt respond to a request for comment. Ginsburg said he would neither confirm nor deny any of the details provided to AMM by market participants.
One source said identified the scrap company formed by Kroll and Ginsburg as Stonerock Shipping Corp.....
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