CRU: Prelim antidumping duties announced, Porsche looks at aluminum for Taycan
Porsche research shows replacing roof of Taycan EV with aluminum could drop weight by 40%
Porsche research shows replacing roof of Taycan EV with aluminum could drop weight by 40%
The Chicago-headquartered company said net income reached $247 million in the quarter ended March 31, up from $30 million in the previous quarter.
The index had briefly showed expansion in March, but has indicated a contracting manufacturing sector for 17 of the last 18 months.
The consensus for ferrous scrap is sideways, maybe not a strong sideways this month.
The move has particularly impacted over 90% of Mexico's P1020 imports, with countries like India, South Africa, Russia, and Argentina bearing the brunt.
On the ferrous side, about two-thirds of the respondents indicated ferrous scrap prices would remain stable, while one-quarter thought they would rise in May.
The wild cards in some price negotiations are Bangladesh and India.
Concerns about securing aluminum and copper scrap supply amidst expanding global recycling capacity
Over the last week, the Turkish mills have been quiet, and prices for new cargoes usually drop when Turkish buyers remain on the sidelines.
The global copper market is still tight due to situations like the shut down of First Quantum’s Cobre Panama mine, taking production off the market.