Ferrous prices may have hit bottom, while aluminum sends mixed signals
A look at the last week and what lies ahead.
Scrap Consumers: Smelters
CRU: Alcoa posts profit despite an impairment
The company reported a $197 million charge on closure of the Kwinana alumina refinery in Perth, Western Australia.
Section 232 tariffs to spark major shifts for the recycled metals community
Section 232 and how a Trump win could impact the recycled metals industry.
Aurubis AG: Revving up for mega maintenance shutdown in Hamburg; European and US expansion
Aurubis prepares for largest shut down in their history and where are they expanding to?
Wage growth slows amid talks of Fed rate cut
April jobs report signals wage growth slowdown, fed rate cut talks emerge.
Net income up for Century Aluminum, progress on US projects
The Chicago-headquartered company said net income reached $247 million in the quarter ended March 31, up from $30 million in the previous quarter.
LME aluminum price struggles to hold onto recent gains, quarterly results and more
Latest AA shipment report for extrusions shows persistently weak demand
Challenges persist in non-ferrous market despite high demand
Non-ferrous recycled metals market faces slow flow despite high demand.
CRU: Alcoa reports wider loss but sees improved market conditions
Alcoa said that it finalized the terms of its acquisition of Alumina Limited and initiated the process for the potential sale of the San Ciprián complex.
Aboud: Investments key for aluminum sector revitalization
With an annual demand in excess of 25 billion pounds, the U.S. imports nearly 10 billion pounds of primary aluminum from foreign sources. Major exporters to the U.S. have recently seen their trade disrupted or even fully stopped.