Turbulent waters: A look at February's copper scrap dynamics
Non-ferrous scrap spreads remained tight amid ongoing global shipping constraints, raising concerns.
Tag: Prices
Aluminum heads into March with questions
While the sale of aluminum scrap is declining, there's a surge in demand from consumers.
Hoffman on scrap: March ferrous outlook
"Longs sales are at a standstill," said one producer.
Hoffman on scrap: Weak Japanese yen weighs on West Coast export market
For the West Coast export market, Tet/Chinese New Year ended on Monday and buyers were just coming back to the market.
US scrap receipts shrink
In 2023, the US economic performance has exceeded expectations. The Bureau of Economic Analysis reports an estimated real GDP growth of 2.5% for 2023.
Kazakhstan and Kyrgyzstan extend ferrous scrap export bans
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 […]
Scrap prices stayed subdued across Asia on weak restocking
Scrap prices were flat-to-down m/m across major Asian consuming markets as buyers resisted fresh purchases ahead of holidays in China and Southeast Asia as well as on weak demand stemming from reduced steel mill utilisation rates.
European scrap prices mostly stable in a balanced market
European scrap prices were mostly unchanged m/m in February because weak demand was relatively balanced by limited supply.
Scrap prices edge down in the US, while remain steady in Brazil
US scrap prices fell again this month, as ample availability and tepid demand put downward pressure on the market
Scrap prices hit by weak demand offsetting tight supply
Supply decreased for both scrap and pig iron due to seasonal factors, but availability remained ample amid tepid demand in a challenging steel market.