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  • Shredding Overcapacity?

    Posted on July 8th, 2011 admin No comments

    A research note authored by Eric Prouty with the firm Canaccord Genuity poses the question of whether or not there is a shredding overcapacity in the United States. In support of the possibility that auto shredding capacity may be exceeding supply, Prouty says that in a recent discussion with the steel minimill Steel Dynamics (SDI), the steel company pointed out that shredding capacity in the United States has increased by around 65 percent over the past 9 years without a similar increase in scrap supply. Adding to the trend, the research note points out that a significant number of auto shredders were installed during the end of the last decade when ferrous scrap prices were sharply climbing

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    Shredding Overcapacity?

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