Non-ferrous recycled metals spreads

Metal flows are off and supply is tight. Even though the economy seems to be thriving, spreads are tightening. Mills are paying anything (a bit of an exaggeration), but the willingness for mills to pay asking price just goes to show the tightness that is out there.

Despite Fed Chair Jerome Powell’s cautious stance on rate cuts, expectations remain high, with attention turning to regional Fed presidents’ forthcoming remarks. Rate cuts are anticipated in Q4.