Ferrous market shapes up with Detroit buy
After a considerable wait, the market for ferrous scrap for May shipment has started to form.
Category: Market
CRU: Turkish scrap import prices were stable as import activity slowed
Scrap import activity slowed last week as Turkish mills have completed their recent restocking activity
Non-ferrous recycled spreads remain tight, exports competitive
Overselling and underdelivering?
Wage growth slows amid talks of Fed rate cut
April jobs report signals wage growth slowdown, fed rate cut talks emerge.
Final Thoughts: Bullish indicators for scrap
Steel scrap prices under pressure
Peterson: Waiting on May prices
It is clear that steel mill order books are not what they were hoping for in May, and they probably are not going to strengthen in June.
ICSG revises 2024 copper forecast
Production growth had been forecasted at 3.7% by the group in October 2023.
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%
Net income up for Century Aluminum, progress on US projects
The Chicago-headquartered company said net income reached $247 million in the quarter ended March 31, up from $30 million in the previous quarter.
ISM: Manufacturing sector contracted in April
The index had briefly showed expansion in March, but has indicated a contracting manufacturing sector for 17 of the last 18 months.