Final Thoughts: May market musings, steel scrap predictions and the future of supply
The consensus for ferrous scrap is sideways, maybe not a strong sideways this month.
The consensus for ferrous scrap is sideways, maybe not a strong sideways this month.
The wild cards in some price negotiations are Bangladesh and India.
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.
Excess supply has lasted longer than expected for both flatbed and dry van, resulting in rates remaining lower than for longer than anticipated.
A roundup of the latest news in the global aluminum and steel markets.
Only three districts reported growth for the manufacturing sector: Atlanta, Philadelphia, and St. Louis.
An interesting feature of the market since the sanctions were announced has been the large cancellations of warrants in South Korean LME warehouses.
increasing scrap usage in steelmaking – will play a significant role in reducing emissions from steel production globally, but CRU does not see this as a panacea for the decarbonization of the steel industry.
The European Aluminium urges the EU to take comparable actions.