SeverCorr LLC is ordering less prompt industrial steel scrap like No. 1 bundles and No. 1 busheling and more shredded scrap, a Severstal North America Inc. spokesman said Tuesday.
Columbus, Miss.-based SeverCorr had been using a mix consisting mostly of the prime grades until it reached steady-state operations, the spokesman said.
"Since they are now at steady-state, they are adjusting the scrap mix based on value and mix, as appropriate," he said. SeverCorr has used more shredded over time as a "natural process" of adjusting its scrap mix, he...
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