CRU: There is still a lack of momentum in the scrap market
Despite new aluminum mills coming online, there has been a recent scarcity of scrap, which typically keeps supply constrained.
Despite new aluminum mills coming online, there has been a recent scarcity of scrap, which typically keeps supply constrained.
Prime scrap is due for another large decline in July.
Scrap metal markets face dynamic shifts: Aluminum steady, copper surging, steel struggling.
A bleak forecast for the market’s direction in July, potentially extending into August.
Aluminum prices hold steady amid new industry partnerships and Investments.
The average HRC price dropped this week, and the June price for busheling scrap tumbled from May.
Several factors, including overall tightness in scrap supply, continues to create bullish momentum on Midwest premium.
We in the scrap industry should keep tuned to China’s proposed relaxation of ferrous scrap specifications
If you have been paying attention, you will notice that the price of shred is getting very close to #1 busheling and #1 bundles in most markets
In the intricate world of base metals trading, one strategy stands out for its simplicity and effectiveness: cash and carry.