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US scrap steering towards period of stability, CMC's Alvarado says
March 28, 2014 - 07:38 GMT
Commercial Metals Co
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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