United States – Releasing its market outlook for the first quarter of fiscal 2013, Schnitzer Steel Industries, Inc. of the USA says it expects ferrous average net selling prices to decline approximately 5% from the fourth quarter of fiscal 2012.
‘Ferrous sales volumes are expected to decline approximately 20% due to softer demand resulting from the economic uncertainty, reduced flows of raw materials and timing of shipments,’ it states. ‘Non-ferrous average selling prices are expected to increase approximately 5% while volumes are expected to decline approximately 30% from the fourth quarter.’
The company goes on to note that operating income per ferrous ton is expected to be US$ 4 – or approximately 60% lower than the fourth quarter of fiscal 2012 ‘due to the declining trend in selling prices, the impact of constrained supply volumes on production costs and the timing of shipments’.
For more information, visit: www.schnitzersteel.com
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