The bigger the disaster, the bigger its effects on the scrap industry. When homes are destroyed, buildings damaged and automobiles wrecked, massive amounts of materials are extracted and the demand for rebuilding supplies surges. Typically, the demand for materials exceeds the supply extracted from the damaged areas. The U.S. scrap…
Steel Production Keeps Increasing
Steel production remains strong domestically and abroad. Domestic raw steel production was up 4.4 percent for the year-to-date through March 25, according to American Iron and Steel Institute statistics. Capability utilization was at 73.4 percent compared with 71.3 percent a year ago. World crude steel production increased 4.1 percent to 126.6 million tonnes (Mt) in…