Ferrous prices may have hit bottom, while aluminum sends mixed signals
A look at the last week and what lies ahead.
Scrap Consumers: Steel Mills
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.
AISI: Raw steel production inches back up
US steel production edges up after seven-week low
RMU survey results for June 2024: key trends and challenges ahead
The recycled metals market is navigating through a phase of oversupply as per survey responses, with stable but cautious demand.
Hoffman: Growing EAF, BOF capacity in Asia means big changes for recycled ferrous
Both EAF and BOF capacity is expected to grow by at least 17 million tons in the Asia Pacific region, excluding India, through early 2027.
Ferrous Recycled Metals: Could we be looking at a weakness in June prices?
What's the ferrous scrap market outlook for June?
CRU: Turkish scrap import prices were stable as import activity slowed
Scrap import activity slowed last week as Turkish mills have completed their recent restocking activity
Final Thoughts: Bullish indicators for scrap
Steel scrap prices under pressure
Peterson: Waiting on May prices
It is clear that steel mill order books are not what they were hoping for in May, and they probably are not going to strengthen in June.
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.