Recent Developments in the u s and Global Ferrous Scrap Markets 2011 ISRI 1

  Recent Developments in the U.S. and Global Ferrous Scrap Markets American Wire Producers Association 2011 Government Affairs Conference Washington, DC September 22, 2011 Joseph Pickard Chief Economist and Director of Commodities Institute of Scrap Recycling Industries, Inc.   About ISRI The Institute of Scrap Recycling Industries, Inc. (ISRI) represents more than 1,600 member companies that process, broker & consume scrap metals, paper, plastics, glass, textiles, tires and rubber, and electronics. With headquarters in Washington, D.C., the Institute provides education, advocacy, and compliance training, and promotes public awareness of the vital role recycling plays in the U.S. economy, global trade, the environment and sustainable development. For more information about ISRI, please visit www.isri.org.  Over 100 Years of Recycling Experience Industry directly and indirectly employs more than 450,000 people in the United States and has been creating “green jobs” for decades. Many ISRI members have been in business for three generations or more.  About the Global Ferrous Scrap Market ã   The market for ferrous scrap is increasingly global. ã Scrap has become a key feedstock utilized in manufacturing new products worldwide and supplies a significant amount of global raw material needs. ã Ferrous scrap is a world-traded commodity that becomes less dependent on local supplies and markets every day. ã Scrap material moves to where demand directs it regardless of its srcinal location. World Crude Steel Production in 2010: 1.4 billion tons World Ferrous Scrap Usage in 2010: 530 million tons (+15%!)