In Schnitzer Steel's current press release they predict average ferrous and nonferrous net sales prices to increase from the fourth quarter of 2009 though scrap metal prices for ferrous and nonferrous declined in recent weeks. In addition, their margins are expected to be similar to their fourth quarter margins.
Continue to watch the export market as developing countries are experiencing growth faster compared to the domestic market. The export market demand for scrap metal with assist in driving the increase of ferrous and nonferrous scrap metal prices moving forward.
Let us know what you are experiencing.
November 2, 2009
Subscribe to:
Posts (Atom)
Posts
