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Commentary > Scrap Magnet

Scrap demand to be underpinned by further growth in electric arc furnace sector – SMA

By Bill Beck - June 18, 2018

As the summer of 2018 gets underway, the nation’s steel industry is enjoying one of its better years in decades. The U.S. GDP is clipping along at better than a 3.5 percent annual average, hot-rolled coil is selling for nearly $900 a ton, and the Trump Administration has slapped a 25 percent tariff on steel imported into the U.S.

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