Final Thoughts: May market musings, steel scrap predictions and the future of supply
The consensus for ferrous scrap is sideways, maybe not a strong sideways this month.
Category: Market
Mexico's aluminum tariffs shake up market dynamics
The move has particularly impacted over 90% of Mexico's P1020 imports, with countries like India, South Africa, Russia, and Argentina bearing the brunt.
RMU Survey: Prices for ferrous, non-ferrous unlikely to fall soon
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.
Hoffman: Export and Asia markets impact US domestic scrap markets
The wild cards in some price negotiations are Bangladesh and India.
Navigating narrowing non-ferrous spreads
Concerns about securing aluminum and copper scrap supply amidst expanding global recycling capacity
Optimism wanes on ferrous prices
Over the last week, the Turkish mills have been quiet, and prices for new cargoes usually drop when Turkish buyers remain on the sidelines.
Exploring copper market dynamics: Insights from industry expert Edward Meir
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.
LME aluminum price struggles to hold onto recent gains, quarterly results and more
Latest AA shipment report for extrusions shows persistently weak demand
Price: Why have steel emission policies forgotten about recycling?
Why then do many leading international institutions and steel manufacturers argue for emission policies that discourage recycling altogether?
Miller on Ferrous: An improving market ahead?
As we have seen with other indicators, there appears to be a strengthening trend afoot.