Scrap steering for period of stability: Alvarado

Mar 27, 2014 | 02:24 PM | Lisa Gordon

Tags  scrap metal prices, ferrous scrap, nonferrous scrap, Commercial Metals, Joseph Alvarado, earnings report, Americas Recycling, Lisa Gordon

PITTSBURGH — The scrap metal market is heading toward a quiet period due to an absence of near-term volatility, Commercial Metals Co.’s (CMC’s) top executive said.

“Our expectation over the (coming) quarter is sideways to slightly up,” chairman, president and chief executive officer Joseph Alvarado said during the Irving, Texas-based company’s fiscal second-quarter earnings call with analysts March 27.....

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