Scrap mart to hold before winter uptick: SDI

摘要

The United States' ferrous scrap market appears to be on a steady course but upside on prices could resume once winter returns, Steel Dynamics Inc's top executive said. The scrap market should be stable but could appreciate on seasonal factors in December and January, Mark D Millett, president and chief executive officer of the Fort Wayne, Indiana-based company, told investors during its third-quarter earnings call on Tuesday October 20.