CMC 'hurt' by volatile US ferrous scrap market, ceo says

US ferrous scrap prices will fluctuate by $10-20 per gross ton over the next few months, according to a Commercial Metals Company (CMC) executive.

“These price fluctuations will likely vary by region,” Joseph Alvarado, chairman, president and ceo told analysts in an earnings call on March 28.

Demand for scrap is steady in the...

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This article was first published by AMM

March 29, 2013

04:50 GMT

New York