Heading toward the peak
Article Abstract:
Prices of ferrous scrap took an upward surge in late 1999, and observers are hopeful the commodity is heading towards a peak. Improved market conditions contributed to the commodity's steady increase in 1999 from the $73 per ton peak in late 1998. Observers willing to make short-term forecasts are fairly confident in their predictions for ferrous scrap in the first quarter of 2000.
Publication Name: Recycling Today
Subject: Environmental services industry
ISSN: 1096-6323
Year: 2000
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Demand from all sides
Article Abstract:
Shipment of scrap across international borders will surge by 3% to 4% in 2000 as a result of healthier economies in Asia, according to Peter Marcus, a steel industry analyst at World Steel Dynamics of Englewood Cliffs, NJ. Marcus also predicted that prices of ferrous scrap will average $10 to $15 per ton in 2000. Marcus cited a number of factors why there will be a shortage in scrap as the decade progresses. One of the reasons cited by Marcus is the increase in steelmaking by an average rate of 2.1% per year.
Publication Name: Recycling Today
Subject: Environmental services industry
ISSN: 1096-6323
Year: 2000
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Making the trains run on time
Article Abstract:
Freight rail customers that include recyclers and other rail shippers question the logic of the increasing consolidation in the freight rail industry. Their concerns stem from service disruptions and slow shipping service they have experienced during the merger of Norfolk Southern Railroad Co and CSX rail lines. Hence, shippers are wary of the planned merger of Canadian National Railway Co and Burlington Northern Santa Fe Corp.
Publication Name: Recycling Today
Subject: Environmental services industry
ISSN: 1096-6323
Year: 2000
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