STEEL INDUSTRY – – HISTORIC RISE OF SCRAP-USING ELECTRIC ARC FURNACES TO > 62% OF U.S. OUTPUT AND DROP TO 33% BLAST FURNACES FOR U.S. IRON UNITS COMBINE TO DRIVE UP SCRAP AND FINISHED STEEL PRICES, DESPITE SLIM DEMAND AND MORE SUPPLY 4/20/2011

STEEL INDUSTRY – – HISTORIC RISE OF SCRAP-USING ELECTRIC ARC
FURNACES TO > 62% OF U.S. OUTPUT AND DROP TO 33% BLAST
FURNACES FOR U.S. IRON UNITS COMBINE TO DRIVE UP SCRAP AND
FINISHED STEEL PRICES, DESPITE SLIM DEMAND AND MORE SUPPLY 4/20/2011