Shredded scrap’s rise could help steady beams
Jan 13, 2014 | 05:49 PM
| Frank Haflich
LOS ANGELES Rising prices for shredded automotive scrap, a key raw material for structural steel, could stabilize steel beam prices at their recent higher level, but theres little agreement that it will spur another beam increase.AMMs consumer buying price for shredded automotive scrap in Chicago rose to $438 per ton last week (amm.com, Jan. 10) from $415 previously. It follows a $20-per-ton rise in December.....
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