RMU survey: Ferrous prices could decline, non-ferrous flat to a slight uptick for March
Monthly SRU survey finds near-term ferrous prices could fall
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.
"Longs sales are at a standstill," said one producer.
For the West Coast export market, Tet/Chinese New Year ended on Monday and buyers were just coming back to the market.
The government of Kazakhstan intends to prolong prohibition of foreign shipments of steel scrap and waste in order to support the domestic economy. “The decision was made collectively against the backdrop of the situation that has arisen due to the lack of raw materials for local processing enterprises and the restrictive measures on the export […]
Sims sees US as bright spot in scrap world
Written by: Bradley Clark, Director of Steel Trading, Kataman Metals U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Firm on Weather Concerns As the month has progressed sentiment is starting to fall solidify around the idea that busheling prices may rebound $10-20 in March. Worsening weather conditions in the Midwest and dealers trying to recoup last […] The post Ferrous Scrap, Iron Ore and Billet Futures appeared first on Steel Market Update.