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.
For April, a majority of respondents said they expect ferrous scrap prices to rise.
Spreads aren't improving. Supply shortage persists.
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).
Spreads are narrowing on aluminum scrap, while remaining unchanged in copper scrap.
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.
Trends, transitions, and eco-friendly initiatives
Spreads remain unchanged as concerns about the shortage of supply persist within the scrap community.
A joint venture that plans to produce for the automotive and general extrusion industries.
Non-Ferrous Scrap Metal Market Review
While the rest of the industry grapples with turmoil and plummeting prices, non-ferrous scrap spreads appear to remain unaffected, at least for the time being.