Final Thoughts: Bullish indicators for scrap
Steel scrap prices under pressure
Category: Pulse
ICSG revises 2024 copper forecast
Production growth had been forecasted at 3.7% by the group in October 2023.
Net income up for Century Aluminum, progress on US projects
The Chicago-headquartered company said net income reached $247 million in the quarter ended March 31, up from $30 million in the previous quarter.
Mexico's aluminum tariffs shake up market dynamics
The move has particularly impacted over 90% of Mexico's P1020 imports, with countries like India, South Africa, Russia, and Argentina bearing the brunt.
RMU Survey: Prices for ferrous, non-ferrous unlikely to fall soon
On the ferrous side, about two-thirds of the respondents indicated ferrous scrap prices would remain stable, while one-quarter thought they would rise in May.
Navigating narrowing non-ferrous spreads
Concerns about securing aluminum and copper scrap supply amidst expanding global recycling capacity
Exploring copper market dynamics: Insights from industry expert Edward Meir
The global copper market is still tight due to situations like the shut down of First Quantum’s Cobre Panama mine, taking production off the market.
Challenges persist in non-ferrous market despite high demand
Non-ferrous recycled metals market faces slow flow despite high demand.
Non-Ferrous Spreads
Aluminum recycled spreads stable amid price increase; copper market braces for summer challenges.
CRU: No overreaction in European premiums after sanctions
An interesting feature of the market since the sanctions were announced has been the large cancellations of warrants in South Korean LME warehouses.