Recyclers expect demand pickup in 1st qtr.
Dec 19, 2013 | 06:03 PM
| Lisa Gordon
PITTSBURGH Many metals recyclers are optimistic about the first quarter of 2014 as low inventories are expected to drive competition for material.
Demand for scrap metal should be stable in the first quarter, with most mills expected to be purchasing material. Mills typically reduce their inventory at year-end, forcing them back into the market at the start of the New Year.
"Mill demand will be steady to slightly stronger, and pricing in the quarter will be impacted by weather issues and already anemic flows into the yards," one southeastern scrap broker said. "Supply is most concerning and will affect pricing because volumes into the yard are so low. It should be a good quarter for all scrap dealers that can acquire a volume of material to sell."....
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