Sims sees US as bright spot in scrap world
Sims sees US as bright spot in scrap world
Sims sees US as bright spot in scrap world
UAW, Ford reach tentative pact, avert strike at Kentucky Truck Plant
Scrap prices were flat-to-down in major regions on the back of additional supply and slow demand. Asian prices started 2024 on a better footing than those in Europe and the USA. Scrap prices typically rise in January due to tighter supply of both prime and obsolete grades of scrap. However, steady automotive production and a […]
Domestic scrap prices ended up down slightly after a roller coaster of trading in January, scrap sources told SMU. The post January scrap prices slip less than initial offers appeared first on Steel Market Update.
The CRUmpi declined by 1.1% m/m to 330.7 in January, compared to a 5.5% m/m increase in January 2023. Metallics prices typically rise in January due to tighter supply of both prime and obsolete grades of scrap. However, steady automotive production and a milder winter thus far in most major supply markets resulted in greater […]
I expected that we’d start off January with prime scrap prices modestly up if for no other reason than industrial activity typically slows down over the holidays. And mills’ appetite for scrap typically increases in anticipation of stronger Q1 order activity. The post Final thoughts appeared first on Steel Market Update.
Metallics demand and prices picked up in December on the back of delayed restocking and seasonal supply tightening. We expect the trend upwards to continue in the short term, but m/m price movements to be thinner in comparison with the high increases of December. In the USA, prices are expected to continue increasing. Supply will […]
Buffeted by the cold winds of adverse steel market conditions, ArcelorMittal plans to close down its integrated-based longs business in South Africa. But the company will first conduct due diligence and hold discussions with unions and other stakeholders. Up to 3,500 jobs, including contractors’, are at risk. Aggressive cost savings, improved raw material terms, asset […]
Emirates Global Aluminium (EGA) has started construction of a 170,000 t/y aluminium recycling plant next to its Al Taweelah smelter in the UAE. The unit will process post-consumer scrap, such as used window frames, as well as pre-consumer material from extrusion production into low-carbon aluminium billets. “Aluminium recycling is key to our metal achieving its […]
Russia’s Rusal says it has now taken use of aluminium scrap in cast alloys made for the automotive industry up to 30%. “By introducing end-of-life scrap into production of foundry alloys, Rusal creates new opportunities for companies to strengthen their potential in a low-carbon circular economy,” said Rusal’s sales and marketing director Roman Andryushin. Starting […]