Scrap futures debut, but initial reviews are mixed
Although excitement greeted the start of the first scrap futures contracts, some mills, yards and even exchanges ask whether the market is ready for such sophisticated risk management tools.
Recyclers are being forced out of US cities for public projects, but such action serves only to cut tax revenues and eliminate badly needed jobs.
As the latest cycle of labor contract ‘campaigning’ comes to an end, the fate of union-represented steel capacity hangs in the balance.
What a difference a year makes. At AMM’s fifth annual Steel Scrap Conference in Chicago in November last year, much of the talk was about the remarkable run of stability the market had seen during 2011 up until then.