Aluminum Scrap Markets
July 23, 2024
Written by Gabriella Vagnini
The ferrous scrap market’s stability amidst tight supply and rising demand is a positive sign, but it underscores the necessity for strategic planning and flexibility in operations.
The current grim outlook in the non-ferrous scrap market, with tight spreads and hesitant buying, suggests we need to stay agile and be prepared for fluctuations.
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.