Introducing Recycled Metals Update: A new hub for the recycled metals community
By connecting leaders from across the recycled metals community, we provide accurate and timely insights into news and trends affecting recycled metals.
Section: News
ISM: Manufacturing expanded in March to 18-month high
The index is now at the highest level recorded since September 2022.
Supply chain disruptions and interest rate predictions shake markets
Recent events, such as the Francis Scott Key Bridge collapse, have caused disruptions in supply chains.
Non-Ferrous Spreads
Spreads were widening towards the end of March but looks to be slight retreat to start the April.
Hoffman: Markets sideways or fractionally up in some regions?
Midwest uncertainty contrasts with coastal confidence. Discover the latest insights driving steel prices.
Chicago PMI retreats in March
The report credits the decline to a reduction in order backlogs, new orders, production, and supplier deliveries.
Miller on Scrap: Hope for a bottom in the U.S. market
As we enter the final week of the month, there seems to be growing hope that the U.S. scrap market has bottomed.
RMU survey: Ferrous scrap prices seen flattening in April, while non-ferrous scrap prices are on the rise
For April, a majority of respondents said they expect ferrous scrap prices to rise.
Sideway spreads with a side of supply shortage
Spreads aren't improving. Supply shortage persists.
DOE to fund up to $934.6M in aluminum, copper decarb projects
The projects are part of a larger, $6-billion DOE agenda funded by the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA).