The Outlook For Scrap

IRON and steel scrap has again become page one news, as it was during the war. To many this is anomalous because the common concept is that the theaters of war are literally paved with scrap as the by-product of war damage and abandoned materiel. To an extent this is true, the bottleneck being the ferreting out and transportation of this scrap. While you as consumers of the electric-furnace grades of scrap-the premium grades-are concerned primarily in only one segment of the scrap market, I believe you ill be interested in a general discussion of the market with subsequent funneling down to your specialty.