Market Update: Copper rallied, leadership changes, green innovations
Trends, transitions, and eco-friendly initiatives
Trends, transitions, and eco-friendly initiatives
Non-Ferrous Scrap Metal Market Review
Monthly SRU survey finds near-term ferrous prices could fall
Here's a look at price spreads for aluminum scrap and copper scrap from the start of March. Copper scrap spreads remained flat, while aluminum scrap exhibited some widening.
Non-ferrous scrap spreads remained tight amid ongoing global shipping constraints, raising concerns.
While the sale of aluminum scrap is declining, there's a surge in demand from consumers.
Market contacts have noted a reduction in the availability of refinery-grade (#2) scrap in January. This follows a slight improvement in December, as export markets were less attractive to European scrap dealers due to the freight disruption that has resulted from the conflict in the Red Sea.