Scrap Prices North America
June 27, 2021
Prompt Industrial Scrap: A Big Shortage Decades in the Making
Written by Michael Marley
By Michael Marley
The mini sheet mills face a maxi problem, namely no additional supplies of prompt industrial scrap to feed their growing appetites for that raw material. As they move ahead with planned expansions of existing facilities and the construction of greenfield plants, electric arc furnace (EAF) steelmakers may be forced to rely on additional supplies of scrap alternatives like pig iron and direct-reduced iron (DRI) as well as shredded and other less desirable grades of obsolete ferrous scrap.
