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Peterson: Waiting on May prices
It is clear that steel mill order books are not what they were hoping for in May, and they probably are not going to strengthen in June.
It is clear that steel mill order books are not what they were hoping for in May, and they probably are not going to strengthen in June.
Production growth had been forecasted at 3.7% by the group in October 2023.
The four-year agreement passed with 94.5% of members voting in favor
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 decline is accredited to higher-than-expected interest and inflation rates, as well as higher supply costs and tighter lending conditions for builders
Auto sales were lower as the first quarter closed out, driven largely in part due to continued elevated prices and interest rates.
Non-ferrous recycled metals supply slump continues, but for how long? And ferrous recycled metals forecast to be cloudy for May.
With intriguing spreads between regions and a potential to curb price surges, #1 HMS might just be the unsung hero of the industry's future.
Kataman Metals globally trades about 300,000 tons of copper, aluminum, iron, and other scrap raw materials annually.
April's scrap market defies expectations with unexpected trends and surprising stability.