Navigating narrowing non-ferrous spreads
Concerns about securing aluminum and copper scrap supply amidst expanding global recycling capacity
Concerns about securing aluminum and copper scrap supply amidst expanding global recycling capacity
Over the last week, the Turkish mills have been quiet, and prices for new cargoes usually drop when Turkish buyers remain on the sidelines.
The global copper market is still tight due to situations like the shut down of First Quantum’s Cobre Panama mine, taking production off the market.
Latest AA shipment report for extrusions shows persistently weak demand
Why then do many leading international institutions and steel manufacturers argue for emission policies that discourage recycling altogether?
As we have seen with other indicators, there appears to be a strengthening trend afoot.
Excess supply has lasted longer than expected for both flatbed and dry van, resulting in rates remaining lower than for longer than anticipated.
Pig iron produced in Brazil had been on an upswing in early April, after a decrease in March.
A roundup of the latest news in the global aluminum and steel markets.
Non-ferrous recycled metals market faces slow flow despite high demand.