The US ferrous scrap industry is expecting tightening flows in the short-term and increased flows in the long-term as power and normalcy is slowly being restored to the northeastern US coastal areas decimated by Superstorm Sandy. With difficulties obtaining fuel and power outages shutting down shredders and scrap yards, concerns about tight scrap supplies, which existed well before the storm in New York/New Jersey area, have been exacerbated.
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