Aluminum Scrap Markets
12 March 2024
Written by Gabriella Vagnini
While the rest of the industry grapples with turmoil and plummeting prices, non-ferrous scrap spreads appear to remain unaffected, at least for the time being.
Real Alloy’s Morgantown plant voted to join Teamsters Local 89. Time will tell whether this will prove unsettling to this operation, given the Teamster's history with the company.
ReMA's Spotlight on Aluminum highlighted a litany of pressure points shaping the industry, with a particular emphasis on the aluminum scrap frontier.
Domestic increases in mill capacity and a struggling recycling rate, amid China's relaxed UBC scrap import policy, fail to make the case for banning US exports.
Not surprising, the major challenge to either restarting or building primary capacity pivots around finding affordably priced energy.
While Michigan-based Superior did not name the “large North American OEM customer”, the scale suggests a major Detroit-based automaker.