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Article: 20 largest ferrous scrap processors: the nation's largest ferrous scrap recyclers vie to feed the world's hunger for metal.(Cover Story)
- Article from:
- Recycling Today
- Article date:
- April 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 G.I.E. Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Scrap metal dealers are not generally accustomed to the spotlight, so when Metal Management Inc., Chicago, was the subject of a Wall Street Journal "Heard on the Street" feature this March, it gained some attention within the industry.
The story's author traced the rise in Metal Management's stock price as it has related to the concurrent escalating rise in ferrous scrap prices.
Recognition by the wider financial and business media may be rate for scrap processors, but the scrap market of 2003 and early 2004 has been no ordinary market.
After toiling through a price slump that started in the late 1990s and ran with few upswings until drifting ...