Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : RECY Looking Good... A -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (6726)	5/10/1999 9:23:00 PM
From: ENOTS	Respond to of 7006

METAL FERROUS SCRAP PRICES appear to be poised for a rebound as they enter May. Stronger demand for domestic finished steel products and a decline in the flow of imported scrap and pig iron are driving the market, sources said. Prices paid for the auto industry steel scrap reversed course and rose by close to $10 a ton on the average in the past week. At the same time, exporters said they are seeing a little more activity and slightly higher prices at the docks. Those aluminum used beverage cans (UBCs) entered the month of May with a little more luster. Buyers for can sheet mills were paying on average 2 cents a pound more for UBCs, which like many aluminum commodities rose in response to stronger London Metal Exchange prices. However, trade sources said there might be a cap on the UBC movement. The market is oversupplied, especially as some 17 million pounds normally consumed per month at a big reclamation plant in Greensboro, Ga., is available while that facility undergoes some work. PLASTIC