Aluminum Scrap Markets
July 9, 2024
Written by Gabriella Vagnini
Global trade decisions can trickle down to the scrap yard. And monitoring such developments are essential for stakeholders in the recycled metals industry to understand market dynamics and anticipate changes in supply and demand. Here’s a look at recent movements.
EU provisional tariffs on Chinese EVs
US aluminum scrap imports increased faster than exports through August, while similar tonnage gains kept net exports near year earlier levels.
The National Association of Wholesaler-Distributors (NAW) has filed a notice of appeal to the U.S. Court of Appeals for the Ninth Circuit, challenging the district court’s decision to uphold Oregon’s version of the Extended Producer Responsibility (EPR) laws that are popping up across the country.
Rio Tinto will exclusively market billet from RevoCast’s new British Columbia plant under a long-term agreement combining primary and recycled aluminum.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.
Aluminum sheet lead times rose in September even as more respondents became more comfortable with overall supply.
