Market
March 19, 2024
Non-Ferrous Scrap Spreads
Spreads remain fairly unchanged as concerns about the shortage of supply persist within the scrap community.
Market
March 19, 2024
Spreads remain fairly unchanged as concerns about the shortage of supply persist within the scrap community.
China's steel surge pressures global markets, while aluminum faces price drop and scrap gains.
SMA states that decarbonization will strongly incentivize the transition to scrap-based production, according to the report.
Its new partnership will add to their decarbonization efforts.
While futures volatility is making it difficult for dealers and buyers to plan ahead, external factors like rising raw material costs and global economic uncertainty further complicate the landscape.
U.S. mills hold the line on ferrous scrap prices despite supply strains, but can they keep it up?