Scrap Sources: Construction

The index had been flat for much of the second half of last year. It then steadily began falling, hitting a two-year low in March, before bouncing back in April.

Only three districts reported growth for the manufacturing sector: Atlanta, Philadelphia, and St. Louis.

The decline is accredited to higher-than-expected interest and inflation rates, as well as higher supply costs and tighter lending conditions for builders

“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.

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

Algoma Steel is currently navigating a challenge as it deals with an unplanned outage at its blast furnace, but the company’s CEO is still bullish on its future as an EAF steelmaker. The post Tampa Steel: Garcia lays out Algoma Steel’s path forward appeared first on Steel Market Update.

Steel Dynamics Inc. faces rising costs for its Columbus, Miss., aluminum rolling mill, but the project timeline remains on track. The post SDI aluminum project logs cost bump, but timeline holds firm appeared first on Steel Market Update.

Algoma Steel’s CEO Michael Garcia joined SMU Managing Editor Michael Cowden for a Community Chat on Wednesday, Nov. 29. A great discussion was had on topics ranging from plate pricing to decarbonization efforts, raw materials strategies, and more. The post SMU Community Chat: Algoma’s CEO talks prices, decarb, raw materials appeared first on Steel Market Update.

Buffeted by the cold winds of adverse steel market conditions, ArcelorMittal plans to close down its integrated-based longs business in South Africa. But the company will first conduct due diligence and hold discussions with unions and other stakeholders. Up to 3,500 jobs, including contractors’, are at risk. Aggressive cost savings, improved raw material terms, asset […]

Emirates Global Aluminium (EGA) has started construction of a 170,000 t/y aluminium recycling plant next to its Al Taweelah smelter in the UAE. The unit will process post-consumer scrap, such as used window frames, as well as pre-consumer material from extrusion production into low-carbon aluminium billets. “Aluminium recycling is key to our metal achieving its […]