US light-vehicle sales surprise, increase in May
LV sales rose to 15.9 million units in May, and ahead of the consensus forecast which called for a sideways move at 15.8 million units.
Section: News
CRU: Midwest premium unchanged this week; aluminum emissions stay flat as production grows, and more
Several factors, including overall tightness in scrap supply, continues to create bullish momentum on Midwest premium.
Ahead of the Fed: Watching this week's economic data
Wednesday afternoon, the Fed is scheduled to hold a news conference outlining its latest policy.
Final Thoughts
We in the scrap industry should keep tuned to China’s proposed relaxation of ferrous scrap specifications
Scrap showdown: Will ferrous export prices hold amid domestic market slump?
Crucial insights into the current state and future outlook of the #ferrous scrap market.
Peterson: With more EAFs in play, which feed will rise to the top?
If you have been paying attention, you will notice that the price of shred is getting very close to #1 busheling and #1 bundles in most markets
Leibowitz: From bottles to beaches, the global struggle with recycling and waste
This is a new area for international negotiation, which means government and private industry need to experiment.
CRU: Jobs climb ahead of Fed meeting, Moody's upgrades Norsk Hydro, and more
Investors will now pay close attention to a busy economic calendar on Wednesday, with the May CPI report followed by the conclusion of the Federal Reserve’s two-day policy meeting.
Cash and carry trade in base metals: What it is and what it means for the recycled metals community
In the intricate world of base metals trading, one strategy stands out for its simplicity and effectiveness: cash and carry.
Aluminum recycler Novelis hits pause on plan to raise nearly $1 billion in IPO
The titan in aluminum recycling cited market conditions as it backed off its public offering