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The Value of Hedging

from Recycling Today

As technology develops, many industrial manufacturers are looking to recycle and use more scrap as raw material. Scrap is a more cost-efficient, sustainable and socially responsible material to use. The U.S. is the world's biggest ferrous scrap exporter, accounting for more than 20 percent of the global scrap export market. Scrap also is one of the first pricing indicators for the U.S. steel industry, as more than 60 percent of the steel produced in the U.S. is based on scrap. more

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