-
Shredding Overcapacity?
Posted on July 8th, 2011 No commentsA 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
See the original post here:
Shredding Overcapacity?Leave a reply
You must be logged in to post a comment.
Recent Comments