Aluminum Scrap Markets
March 19, 2024
Non-Ferrous Scrap Spreads
Spreads remain fairly unchanged as concerns about the shortage of supply persist within the scrap community.
Latest in Aluminum Scrap Markets
ENKEI America to close Jacksonville aluminum wheel facility
ENKEI America will permanently close its Jacksonville, Florida, aluminum wheel manufacturing facility, ending operations at a site with aluminum melting, remelting, casting and machining assets.
AMU June survey: Scrap market sentiment moderates, primary/semi supply keeps pace
June survey responses showed scrap market participants becoming more cautious on premiums, scrap availability and exports, while downstream demand indicators remained comparatively firmer.
AMU June survey: Expansionary signals retreat, balance outlook holds
AMU's June survey showed weaker demand, fewer extending lead times and less inventory building, though respondents largely stopped short of forecasting an oversupplied market.
SMU: Sims Ltd ups earnings guidance for fiscal 2026
The increase in estimated earnings in the US is mostly associated with nonferrous metal recycling, mainly copper and aluminum.
Steel Dynamics relocates Arizona recycled slab project, records $16 million write-down
Steel Dynamics will relocate a planned Arizona recycled aluminum slab casting center to Mississippi after citing risks tied to differences with Arizona officials and recording a $16 million write-down.
