Cash for Clunkers to Have Modest Effect on Steel Scrap Market

Triplett, Tim
July 2009
Metal Center News;Jul2009, Vol. 49 Issue 8, p2
Trade Publication
The article reports on the legislation passed by the U.S. Congress called "Cash for Clunkers" which aims to help the automobile industry to sell few more cars. It mentions that the American Iron and the Steel Institute and the Steel Recycling support the measure by encouraging the early retirement of inefficient, high polluting vehicles. Moreover, Bill Heenan, president of the Steel Recycling Institute, states that automotive scrap contributes a small portion of the steel that is recycled.


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