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July 1, 2008
Officials for the Institute of Scrap Recycling Industries (ISRI), Washington, have questioned a recent claim by the American Scrap Coalition that steel scrap processing and consuming industries are facing a scrap export crisis.
“Rather than a crisis, both the steel industry and the scrap industry are enjoying extraordinarily strong export markets due to the quick pace of global infrastructure development,” said Robin Wiener, president of ISRI, in a press release. “In fact, finished steel exports alone have increased 81.5 percent since 2001.”
ISRI claims to have taken a active position to support free and fair markets by opposing market controls for steel scraps. Those markets, according to ISRI, contribute to the healthy state of steel production and the scrap recycling industry.
“Efforts to artificially restrict that trade can have negative repercussions that are felt around the world,” Weiner said.
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