Promise keepers.Demand is strong for ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which scrap, but supply is running just short enough that many shippers are running into trouble honoring their commitments to supply domestic mills. On the one hand, the situation brings with it the positive aspects of guaranteed demand and strong pricing. Unfortunately, it has also tempted dealers into accepting orders they may not be able to fill. "With prices this high dealers want to take 21 orders, even though they know it will take them five weeks to fill 20," says one Midwestern scrap processor. "It puts us all behind," he admits. The situation has been hectic in recent months even without a great deal of demand from offshore, he says. "Demand is just a little bit greater than supply, and that's without much of en export market," he says. "If everything stays the way it is--or if China or Turkey or Korea starts buying--then summer pricing will stay firm at the very least." A scrap recycler in the Northeast has the same outlook. "Mills are trying to talk this market down, but pig iron pig iron: see iron. pig iron Crude iron obtained directly from the blast furnace and cast in molds (see cast iron). The crude ingots, called pigs, are then remelted along with scrap and alloying elements and recast into molds to produce pricing is up if it's even available, so that takes an option away from them," he remarks. "When there is so much talk among brokers and traders trying to talk the market down, you figure they are afraid of the market going up too much." Fortunately for recyclers, enough supply is coming in to fill most orders, even if on a delayed basis. "We actually had some inventory build because we had strong flow all winter," says the Northeast recycler. "Now we're getting slammed with a spring rush of orders," he adds. High scale prices for nonferrous non·fer·rous adj. 1. Not composed of or containing iron. 2. Of or relating to metals other than iron. nonferrous Adjective 1. scrap are helping to keep scrap flows healthy. "The nonferrous prices are bringing in a steady flow, and a lot of these folks load a little sheet iron onto their trucks as well," says a recycler in the Great Lakes region The Great Lakes region can refer to:
An East Coast recycler remarks, "With nonferrous prices so high, [peddlers] are able to go further out and further out and are getting stuff that is rusty or, in some cases, they find things that someone would probably love to restore." Whereas two years ago many recyclers were worried that the peddler peddler or hawker, itinerant vendor of small goods. In rural America peddlers carried their packs or drove a horse and cart from door to door. trade was a thing of the past, the East Coast recycler notes, "It's amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. how many new people have entered the world of recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. ." (Additional news about ferrous scrap markets, including breaking news and consuming industry reports, is available at www.RecyclingToday.com.) |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion