Interest rates, weather hit Radius Recycling's earnings
“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.
Author: adamdurrant
Supply chain disruptions and interest rate predictions shake markets
Recent events, such as the Francis Scott Key Bridge collapse, have caused disruptions in supply chains.
Non-Ferrous Spreads
Spreads were widening towards the end of March but looks to be slight retreat to start the April.
RMU survey: Ferrous scrap prices seen flattening in April, while non-ferrous scrap prices are on the rise
For April, a majority of respondents said they expect ferrous scrap prices to rise.
Sideway spreads with a side of supply shortage
Spreads aren't improving. Supply shortage persists.
DOE to fund up to $934.6M in aluminum, copper decarb projects
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).
Non-Ferrous Scrap Spreads
Spreads are narrowing on aluminum scrap, while remaining unchanged in copper scrap.
Hoffman: Asian FE Scrap price bottom?
The international ferrous scrap market may be stabilizing which will likely put pressure on the US domestic market to remain flat or to increase in some areas in April.
Market Update: Copper rallied, leadership changes, green innovations
Trends, transitions, and eco-friendly initiatives
Non-Ferrous Scrap Spreads
Spreads remain unchanged as concerns about the shortage of supply persist within the scrap community.