Domestic Ferrous Scrap Market Remains on ‘Sideways’ Trajectory
May 13, 2024
A soft sideways market at the start of May was something not many domestic ferrous scrap market participants were expecting as April progressed, but according to Kalvin Adams, vice president of business development at SA Recycling, predictions of a strong sideways market didn’t materialize by the end of that month. During a ferrous market update webinar May 8 hosted by the Recycled Materials Association (ReMA) and market intelligence service Davis Index, Adams, whose California-based company operates approximately 130 scrap yards across the United States, said mill cancellations played a role in the shift.
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