(AMM) Demand for ferrous scrap strong, Schnitzer chief says

PHILADELPHIA 10 March 2010 20:19

Demand for ferrous scrap tumbled in late 2008 but has rebounded to strong levels, according to Tamara Lundgren, president and chief executive officer of Schnitzer Steel Industries Inc., the Portland, Ore.-based scrap exporter that ships from both the U.S. East and West coasts.

Fhat ferrous scrap export prices are in the high-$300s to low-$400s per tonne, Lundgren told the Reuters Mining and Steel Summit in New York. "When prices were in the mid-$300s, we were back to (strong) 2006 levels, and that was lower than where...

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(AMM) Demand for ferrous scrap strong, Schnitzer chief says

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