Renewed strength.The rapid slide of 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 prices that marked the late spring and early summer months has begun to reverse itself as summer turns to fall. Shippers of ferrous scrap enjoyed a healthy increase in mill and foundry prices paid for their scrap in August. As August turned to September, speculation began to center on the effects of the Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. cleanup on the flow and price of ferrous scrap. The amount of scrap to be generated from the areas severely damaged by Hurricane Katrina could prove to be unprecedented. As of mid-September serious cleanup efforts were just getting started in storm-damaged communities other than New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , as search and rescue efforts gave way to settling insurance claims and FEMA FEMA, n.pr See Federal Emergency Management Agency. assessments of federal disaster areas. Damaged structures in the affected Mississippi, Louisiana and Alabama cities and towns are likely to yield significant metal roofing and siding scrap. Appliances, totaled vehicles and other sources of scrap are also likely to be identified and separated as recyclable by cleanup crews and mobile baling crews who will be on the scene. [GRAPHIC OMITTED] Beyond this significant new tonnage hitting the Gulf Coast market this fall, speculation also centers on the percentage of structures that were fully or partially submerged in New Orleans' floodwaters that will be deemed uninhabitable and that will face demolition. Whether occupants of commercial structures will choose to disinfect To remove the virus code that has attached itself to a legitimate file. Sometimes, the antivirus program cannot untangle the code, and the infected file has to be deleted. See quarantine. and clean up their buildings or to demolish de·mol·ish tr.v. de·mol·ished, de·mol·ish·ing, de·mol·ish·es 1. To tear down completely; raze. 2. To do away with completely; put an end to. 3. and rebuild will affect scrap flow. Flooded southern Louisiana will likely yield totaled vehicles and damaged appliances as shredder feedstock feed·stock n. Raw material required for an industrial process. Noun 1. feedstock - the raw material that is required for some industrial process raw material, staple - material suitable for manufacture or use or finishing , in addition to the sizable amounts of demolition scrap. Another source of speculation concerns how soon orders for new steel in the Gulf Coast region will spark additional demand for this unplanned scrap source. Before Katrina, steel industry statistics showed a decline in once heavy inventory levels at steel service centers and mill shipping docks. If structural steel, sheet steel and reinforcing bar from Gulf Coast rebuilding projects are ordered this fall, it could cause a counterbalance in steel demand at the same time Katrina-related scrap is hitting the market. Many market watchers are not convinced that the supply and demand factors will line up smoothly. Some scrap veterans say a glut glut pronounced as rut, slut Vox populi An excess of a service or skilled labor in a particular area. See Physician glut. of supply will drive down scrap pricing before a subsequent demand for steel products stemming from Gulf Coast rebuilding can balance out the market. (Additional news about ferrous scrap, including breaking news and consuming industry reports, is available online at www.RecyclingToday.com.) |
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