Download the FREE infographic
The information you provide will be safeguarded by the Euromoney Institutional Investor PLC group, whose subsidiaries may use it to keep you informed of relevant products and services. We occasionally allow reputable companies outside Euromoney Institutional Investor PLC group to contact you with details of products which may be of interest to you. As an international group, we may transfer your data on a global basis for the purposes indicated above.
To feed electric furnaces, global steel makers rely on a mix of raw materials, including ferrous scrap, much of which is exported from the largest reservoir of steel scrap, the United States.
The quantity of ferrous scrap exports from the U.S. to countries such as Turkey, China, Taiwan and South Korea may seem staggering, but shredded scrap exports account for less than one third of the overall total.
Almost 90% of states in the U.S. operate shredders.
The consumer buying price per gross ton of shredded scrap for the Chicago region over the past five years has fluctuated dramatically.
Whereas the price of shredded scrap exported from the U.S. East Coast has remained fairly consistent over the same period.
With that said, is there too much shredding muscle in the U.S.?
American Metal Market 225 Park Avenue South, New York NY 10003 212-224-3577