Supply chain disruptions and interest rate predictions shake markets
Recent events, such as the Francis Scott Key Bridge collapse, have caused disruptions in supply chains.
Category: Market
Non-Ferrous Spreads
Spreads were widening towards the end of March but looks to be slight retreat to start the April.
Hoffman: Markets sideways or fractionally up in some regions?
Midwest uncertainty contrasts with coastal confidence. Discover the latest insights driving steel prices.
Chicago PMI retreats in March
The report credits the decline to a reduction in order backlogs, new orders, production, and supplier deliveries.
Miller on Scrap: Hope for a bottom in the U.S. market
As we enter the final week of the month, there seems to be growing hope that the U.S. scrap market has bottomed.
RMU survey: Ferrous scrap prices seen flattening in April, while non-ferrous scrap prices are on the rise
For April, a majority of respondents said they expect ferrous scrap prices to rise.
Sideway spreads with a side of supply shortage
Spreads aren't improving. Supply shortage persists.
DOE to fund up to $934.6M in aluminum, copper decarb projects
The projects are part of a larger, $6-billion DOE agenda funded by the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA).
LME aluminum continues to show resilience against a firmer US dollar
The LME aluminum price has overcome an important resistance level at $2,300/mt but it remains to be seen if support can be built above that level.
Non-Ferrous Scrap Spreads
Spreads are narrowing on aluminum scrap, while remaining unchanged in copper scrap.