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.
Section: News
ICSG revises 2024 copper forecast
Production growth had been forecasted at 3.7% by the group in October 2023.
UAW workers ratify Daimler Truck NA pact
The four-year agreement passed with 94.5% of members voting in favor
CRU: Prelim antidumping duties announced, Porsche looks at aluminum for Taycan
Porsche research shows replacing roof of Taycan EV with aluminum could drop weight by 40%
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.
ISM: Manufacturing sector contracted in April
The index had briefly showed expansion in March, but has indicated a contracting manufacturing sector for 17 of the last 18 months.
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.
Mexico's aluminum tariffs shake up market dynamics
The move has particularly impacted over 90% of Mexico's P1020 imports, with countries like India, South Africa, Russia, and Argentina bearing the brunt.
RMU Survey: Prices for ferrous, non-ferrous unlikely to fall soon
On the ferrous side, about two-thirds of the respondents indicated ferrous scrap prices would remain stable, while one-quarter thought they would rise in May.
Hoffman: Export and Asia markets impact US domestic scrap markets
The wild cards in some price negotiations are Bangladesh and India.