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US scrap steering towards period of stability, CMC's Alvarado says

March 28, 2014 - 07:38 GMT Location: Pittsburgh

KEYWORDS: USA , Commercial Metals Co , CMC , Joseph Alvarado

The US scrap metal market is heading towards a quiet period due to an absence of near-term volatility, Commercial Metals Co’s (CMC’s) top executive said.

"Our expectation over the (coming) quarter is sideways to slightly up," chairman, president and ceo Joseph Alvarado said during the Irving, Texas-based company’s fiscal second-quarter earnings call with analysts March 27. He was quoted as saying so by Metal Bulletin sister publication AMM. However, Alvarado cautioned that prices could be negatively...

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