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.
The move has particularly impacted over 90% of Mexico's P1020 imports, with countries like India, South Africa, Russia, and Argentina bearing the brunt.
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.
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.
Non-ferrous recycled metals market faces slow flow despite high demand.
After more than 35 years as the Institute of Scrap Recycling Industries, the Washington D.C.-based trade group is reinventing itself as the Recycled Materials Association, or ReMA.