Aluminum Scrap Markets
October 8, 2024
Written by Stephanie Ritenbaugh
The construction sector is attracting more workers, and while spending dipped over the month, it remains higher compared to a year ago.
Employment in the sector gained 25,000 jobs in September and 238,000 jobs, or 3.0%, year-over-year (y/y), according to the latest data from the Bureau of Labor Statistics.
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.
A new US aluminum trade group is seeking lower costs on primary metal while backing duties on competing finished imports.