CRU just took a red pen to its global economic forecast and they didn’t hold back. They’re calling this the biggest monthly downgrade since the pandemic, and tariffs are at the center of it.
With earnings season largely behind us it’s time to move past the headline numbers and into the filings – where a few key items across major downstream players deserve closer scrutiny.
Starting June 2, the U.S. Treasury’s CDFI Fund is putting a pause on new applications for Community Development Entity (CDE) certification. They’re calling it a blackout period. It’s temporary, for now, but it’s something to watch, especially if you’re in construction or metals.
The February survey of aluminum market participants points to a market in flux, largely stable but fragile, with looming uncertainties driven by tariffs, shifting demand patterns, and supply constraints. While many respondents see a balanced market in the near term, pockets of undersupply exist, particularly in specific scrap grades and finished products. As we move […]
What happened this week: Why it matters: What to watch next: For now, MWP remains elevated, but the key question isn’t if a correction comes, it’s when.
Tariffs are making headlines, but aluminum doesn’t wait for politics to play out. The market is already shifting, supply chains are adjusting, and smart money is moving ahead of the noise. So, where does that leave us? What’s happening right now?What if this escalates further?What should we be doing now?What’s Happening? The biggest shifts aren’t […]
On January 10th, a newly formed Canada-U.S. Trade Council was formed. It is meant to smooth over growing trade tensions, inspired by the tariff threat, but skepticism is already running high. A service center I spoke with dismissed the council outright, saying, “The bios are heavy on politicians, which means little will be accomplished.” It’s […]
Some of you might be scratching your heads, wondering why you should even care about future’s spreads when you’re doing deals back-to-back. Well, hang tight, and I’ll break it down for you in plain terms. What happened to the Mar-April aluminum spread on the LME? The spread between March and April went into a backwardation, […]
All roads seem to point to a higher Midwest Premium, no matter who gets elected.