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.
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.
As we have seen with other indicators, there appears to be a strengthening trend afoot.
Excess supply has lasted longer than expected for both flatbed and dry van, resulting in rates remaining lower than for longer than anticipated.
Pig iron produced in Brazil had been on an upswing in early April, after a decrease in March.
Aluminum recycled spreads stable amid price increase; copper market braces for summer challenges.
The current average levy is 7.5%.