US domestic scrap prices may 'roll over' in February, OmniSource says

US ferrous scrap prices are expected to mimic changes in order books at steel mills going forward, according to Russ Rinn, president and chief operating officer of Steel Dynamics Incorporated (SDI) subsidiary OmniSource.

The February domestic scrap market appears likely to roll over, he added. “As you look at scrap pricing trends, it is going to follow the order books of steel mills....

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This article was first published by AMM

January 30, 2013

15:20 GMT

Pittsburgh