Hurricane Harvey could result in as many as 500,000 vehicles being shredded in what would be a major boost in US scrap supply. International scrap prices were strong in August, as was the entire global steel and raw material complex, and the outlook in key markets including Europe look strong until the end of the year. Metals Meltdown’s Peter Brennan and Christopher Davis were joined by special guest Nick Tolomeo to discuss the latest month in steel.
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