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Rabin admits even CMC feels scrap pinch.

Publication: American Metal Market
Publication Date: 19-DEC-03
Format: Online
Delivery: Immediate Online Access
Full Article Title: Rabin admits even CMC feels scrap pinch.(Scrap)(Stanley A. Rabin, chairman, president and chief executive officer of Commercial Metals Corp)

Article Excerpt
PHILADELPHIA -- Even those who own a chain of scrapyards aren't spared the high costs of the tight supply situation that currently prevails in the ferrous scrap market.

In a telephone conference call with analysts Wednesday, Stanley A. Rabin, chairman, president and chief executive officer of Commercial Metals Corp. (CMC), admitted that the average cost of ferrous scrap for its steelmaking operations had risen to about $150 a...

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