Ferrous market update: Quiet currents and mixed signals
U.S. scrap market stagnant amid summer demand.
Category: Scrap Processors
US light-vehicle sales surprise, increase in May
LV sales rose to 15.9 million units in May, and ahead of the consensus forecast which called for a sideways move at 15.8 million units.
CRU: Midwest premium unchanged this week; aluminum emissions stay flat as production grows, and more
Several factors, including overall tightness in scrap supply, continues to create bullish momentum on Midwest premium.
Peterson: With more EAFs in play, which feed will rise to the top?
If you have been paying attention, you will notice that the price of shred is getting very close to #1 busheling and #1 bundles in most markets
Leibowitz: From bottles to beaches, the global struggle with recycling and waste
This is a new area for international negotiation, which means government and private industry need to experiment.
Cash and carry trade in base metals: What it is and what it means for the recycled metals community
In the intricate world of base metals trading, one strategy stands out for its simplicity and effectiveness: cash and carry.
Aluminum recycler Novelis hits pause on plan to raise nearly $1 billion in IPO
The titan in aluminum recycling cited market conditions as it backed off its public offering
Mills begin buying for June — at lower numbers than expected
Heading into June, the sentiment was for weaker prices. Now we know what we're dealing with.
Final Thoughts: June recycled metals market showdown
June recycled metals prices teeter amidst demand fluctuations and strategic moves.
Fed to meet next week as economy throws mixed signals
Are we seeing progress toward lower inflation or is a generally resilient economy wavering?