Competition for obsolete ferrous scrap in the Montreal region
is set to increase with a new shredder preparing to begin
operations in about a month.
Quebec-based auto recycler Certi Recyclage has begun work on
installing a shredder at its facility, which is about an hour
from Montreal, AMM has learned.
A spokesman for the
company confirmed the development and said the shredder is
scheduled to go online between the end of March and the
beginning of April.
The company did not
disclose the size or type of shredder, saying only that it was
not a mega shredder "but it is a car shredder."
said the entry of a new shredder would create more competition
in a region that ships the lions share of its shreddable
material to one steel mill and one bulk exporter that own and
operate two shredders each: ArcelorMittal Montreal Inc. and
Montreal-based American Iron & Metal Co. Inc.
A third company,
Montreal-based Associated Steel Industries Ltd., operates the
fifth shredder in the region.
new shredder could bring better price support to suppliers of
shredder feed, according to some market participants, while
others said existing players may face tighter margin