
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.
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.
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.
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Kataman Metals globally trades about 300,000 tons of copper, aluminum, iron, and other scrap raw materials annually.
“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.
For April, a majority of respondents said they expect ferrous scrap prices to rise.
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).
A joint venture that plans to produce for the automotive and general extrusion industries.
Pittsburgh-based aluminum company Alcoa wants to acquire its Australian partner, Alumina Limited, in an all-stock deal valued at $2.2 billion.