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Recycled metals: Ferrous scrap mills have entered the Sept market
Great Lakes area mills have entered the September ferrous scrap market.
Great Lakes area mills have entered the September ferrous scrap market.
Smelters may choose to increase their use of secondary materials, including scrap, to mitigate their losses.
Hopes for stabilization or even a slight recovery is fading as more players expect further declines in September.
North America is not quite speaking with one voice about China, but the cooperation is evident.
Hopes of a bottom fading as export prices collapse and industrial scrap shows signs of slowing.
US manufacturing activity contracted for a fifth straight month in August, Institute for Supply Management (ISM) said.
“It shouldn’t come as a huge surprise who has the market power..."
Market movements and economic highlights to start your week.
Go forth and mingle, urged Michael Smerconish at Steel Summit 2024.
How logistics and global demand are shaping the metal scrap industry in 2024