Slow motion. (Ferrous).Light volumes 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 coming in and reduced orders going out continue to describe markets throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Industrial generation remains slow in many markets, while demand for scrap is light enough that prices at bids and auctions began falling back again in mid-September. "The industrial accounts business isn't very good," says a Midwestern processor, who as of late September sees few signs of increased activities at generating sites. As far as obsolete OBSOLETE. This term is applied to those laws which have lost their efficacy, without being repealed, 2. A positive statute, unrepealed, can never be repealed by non-user alone. 4 Yeates, Rep. 181; Id. 215; 1 Browne's Rep. Appx. 28; 13 Serg. & Rawle, 447. scrap, one Pennsylvania auto dismantler says salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so. yard operators who have the room will continue to hold on to car bodies in an attempt to ride out the down market. "Some of these guys just don't have room to stack any more, and others need the cash coming in, even if it is a lot less than they're used to." Markets are not likely to get a lift from the demand side any time soon. "A lot of mills have curtailed their intake," notes the Midwestern processor, "and some foundries really haven't taken any scrap since June." The light mill melting schedules and lack of generated factory trimmings are combining to keep scrap operations both less busy and less profitable. With scrap markets considered a leading economic indicator leading economic indicator An economic or a financial variable that tends to move ahead of and in the same direction as general economic activity. Compare lagging economic indicator. See also index of leading economic indicators. , the prospects for overall economic recovery any time soon seem dim, the processor notes. Additionally, as long as automakers and other manufacturers buy their sheet steel at rock bottom prices, scrap dealers scrap dealer n → chatarrero/a scrap dealer n → marchand m de ferraille scrap dealer scrap n → are going to have a hard time commanding higher prices from mills, one Great Lakes region The Great Lakes region can refer to:
No. 1 Heavy Melt Composition Pricing (Per gross ton, monthly average) August $92.04 September $92.00 October $82.56 November $74.53 December $78.60 January 2001 $84.83 February $75.37 March $76.77 April $77.90 May $76.67 June $78.62 July $79.81 August $80.00 Note: Table made from bar graph. Source: American Metal Market |
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