US aluminum scrap trade shifts as import growth accelerates
US aluminum scrap imports increased faster than exports through August, while similar tonnage gains kept net exports near year earlier levels.
US aluminum scrap imports increased faster than exports through August, while similar tonnage gains kept net exports near year earlier levels.
There’s a lot of news to keep track of, so we’re lending a hand with highlights from the past month and what they mean for you.
LME aluminum prices moved lower into October as on-warrant stocks declined and investment firms reduced net-long exposure.
Honda and Toyota gained relative ground in the third quarter as GM and Ford sales declined and several battery-electric models lost volume.
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.
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Construction spending indicators show softer architecture billings and private construction spending despite strength in several large project categories.
US construction indicators show large projects supporting planning and starts even as contractor backlog and broader commercial activity lose momentum.
Extended Producer Responsibility laws could advantage aluminum.