Supply chain disruptions and interest rate predictions shake markets
Recent events, such as the Francis Scott Key Bridge collapse, have caused disruptions in supply chains.
Recent events, such as the Francis Scott Key Bridge collapse, have caused disruptions in supply chains.
Spreads were widening towards the end of March but looks to be slight retreat to start the April.
Midwest uncertainty contrasts with coastal confidence. Discover the latest insights driving steel prices.
The LME aluminum price has overcome an important resistance level at $2,300/mt but it remains to be seen if support can be built above that level.
The international ferrous scrap market may be stabilizing which will likely put pressure on the US domestic market to remain flat or to increase in some areas in April.
Turkish scrap import prices increased for the first time in almost two months.
Prices for pig iron in Brazil have increased despite efforts by U.S.-based buyers to lower them. It has been confirmed that a U.S. buyer has purchased a 55,000 MT cargo, presumably for May shipment, at $430/MT FOB South Brazil.
Insights, Skepticism, and predictions from industry insiders.
Trends, transitions, and eco-friendly initiatives
Spreads remain unchanged as concerns about the shortage of supply persist within the scrap community.