Magazine Issue: March/April 2014


Cover Story

The five-year itch: Scrap market angst continues
Although prices for ferrous scrap are about three times higher today than they were five years ago, remaining clouds from early 2009’s industry storms are still causing lingering frustration and fatigue over inconsistent demand and continuing market uncertainty as ISRI’s annual convention approaches.

Market Spotlight

MARKET SPOTLIGHT: TESTING EQUIPMENT

MARKET SPOTLIGHT: TESTING EQUIPMENT

MARKET SPOTLIGHT: TESTING EQUIPMENT

Columns

PARTING SHOTS

ANALYST CORNER

FULL OF SCRAP

From the Editor

AMM COMMENT

  • Five years later, could pessimism be deeper?

    When ferrous scrap market players gathered at the Institute of Scrap Recycling Industries’ annual convention five years ago, many did so with a sense of optimism despite still being in the well of the economic downturn.

Features

THE METRICS SYSTEM

SPECIAL SECTION: DIRECT-REDUCED IRON

  • In the DRIver's seat

    With greater direct-reduced iron options, input calculations are becoming more complex. Delivered cost is just the first consideration of many facing the steel industry as it retools manufacturing and economic models to adjust for the growing prominence of DRI in the mix.

SPECIAL SECTION: DIRECT-REDUCED IRON

  • The direct approach: DRI investments on track

    Announced and proposed DRI investments—including Nucor Corp.’s new plant—already match projected demand levels as domestic mills’ desire to control raw materials access and costs is expected to increase throughout the rest of this decade and into the next.

MANAGEMENT CORNER

END-USER SPOTLIGHT

CENTER PIECE

EXECUTIVE INTERVIEW

  • The keeper of the flame: Greg Ludkovsky

    An anomaly on the domestic steel scene, the head of global research and development for the world’s largest steelmaker presides over an R&D powerhouse replete with 11 research centers, 1,350 scientists, a $280-million-plus budget and a mandate to keep steel competitive.

GAP YEAR

  • The scrap price differential equation

    The volatility in the price spread between busheling and shredded scrap has been a long-term story, with the gap moving from less than $1 per ton in January 2013 to around $40 in September and back to just a few dollars in February.

BLACK MAGIC

THE MONTH IN METALS

Latest Pricing Trends

AMM Events