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Radius Recycling earnings take hit as metals face headwinds
Radius Recycling posted a net loss of $199 million in the third quarter, citing costs related to “challenging market conditions for recycled metals” over the past year.
Radius Recycling posted a net loss of $199 million in the third quarter, citing costs related to “challenging market conditions for recycled metals” over the past year.
Several factors, including overall tightness in scrap supply, continues to create bullish momentum on Midwest premium.
My Interview with John Sacco
Steel Industry Unites for Earth Day: Commitment to decarbonization and sustainable practices.
Aluminum Market Update: Prices Hold Steady, Chinese Imports Surge, and Yunnan Ramps Up Capacity
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).
The LME aluminum price has overcome an important resistance level at $2,300/mt but it remains to be seen if support can be built above that level.