Final Thoughts: What just happened and where to go from here?
As HRC prices struggle to find a bottom, mills are unlikely to provide any relief to the scrap industry.
Contributor: Gabriella Vagnini
Gabriella Vagnini
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Non-ferrous frenzy fades
To understand this (short) week, we have to look at what happened last week
A painful day for the copper market
The copper market: The good, the bad, the ugly
UPDATED- Recycled aluminum prices at risk of volatility and US mining industry faces talent squeeze
Aluminum market rattled and US mines face a harsh reality
Non-ferrous recycled spreads remain tight, exports competitive
Overselling and underdelivering?
Wage growth slows amid talks of Fed rate cut
April jobs report signals wage growth slowdown, fed rate cut talks emerge.
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.
Navigating narrowing non-ferrous spreads
Concerns about securing aluminum and copper scrap supply amidst expanding global recycling capacity
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.