Scrap Sources: Automotive

As we enter the final week of the month, there seems to be growing hope that the U.S. scrap market has bottomed. 

This marks the first non-union auto plant to file for a union election among those where workers have been attempting to organize in recent months, UAW said

Non-ferrous scrap spreads remained tight amid ongoing global shipping constraints, raising concerns.

While the sale of aluminum scrap is declining, there's a surge in demand from consumers.

Aluminum Roundup: IAI reports aluminum industry greenhouse gas emissions declined in 2022

UAW, Ford reach tentative pact, avert strike at Kentucky Truck Plant

This latest SMU steel market survey is a snapshot of a sheet market inflecting lower. A significant 43% of survey respondents said that the hot-rolled (HR) coil market has already peaked. Compare that to only 8% when we released our last steel market survey on Jan. 5. The post Final thoughts appeared first on Steel Market Update.

Scrap prices were flat-to-down in major regions on the back of additional supply and slow demand. Asian prices started 2024 on a better footing than those in Europe and the USA. Scrap prices typically rise in January due to tighter supply of both prime and obsolete grades of scrap. However, steady automotive production and a […]

The CRUmpi declined by 1.1% m/m to 330.7 in January, compared to a 5.5% m/m increase in January 2023.  Metallics prices typically rise in January due to tighter supply of both prime and obsolete grades of scrap. However, steady automotive production and a milder winter thus far in most major supply markets resulted in greater […]

The US scrap trade was still being finalised at the time of writing, and the tug-of-war between mills and dealers left the market in limbo for several days. Detroit and Midwest mills initially entered the market with bids lower m/m for both prime and secondary grades, but dealers were pushing to keep prices flat. Ultimately, […]