The collapse of a major bridge in Baltimore, Maryland, this morning should have isolated effects on the global ferrous scrap market, but market participants are still assessing the situation. A container vessel hit the Francis Scott Key bridge, an artery for the Port of Baltimore. The bridge subsequently collapsed, blocking all vessel traffic in and out of the port and triggering major rescue and recovery efforts. The Port of Baltimore told Argus that the port is still operating and processing trucks inside its terminals but that all incoming and outgoing vessel traffic is suspended until further notice. Market ... (full story)