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Shortage of scrap threatens steel industry recovery
NEA correspondent James Thrasher reports from New York that a scrap shortage looms as about three percent of steel is idle or shut. Officials from the American Iron and Steel Institute warn inventories will run out in four to six weeks, risking manufacturing tied to steel and echoing last winter’s unemployment and inflation fears.
MENTIONED IN THIS ARTICLE
James Thrasher
NEA Saff
New ‘York
NEA
Horriton
American Iron and Steel Institute