AMU Survey: Scrap demand rebounds in August
Recycler demand rebounded in August as obsolete scrap availability narrowed, inventory drawdowns persisted and forward oversupply expectations disappeared.
Recycler demand rebounded in August as obsolete scrap availability narrowed, inventory drawdowns persisted and forward oversupply expectations disappeared.
General Motors’ Cadillac OPTIQ electric vehicle will feature a front bumper system made with Hydro CIRCAL.
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.
Hydro increased North American extrusion sales and recycled aluminum production during the second quarter as downstream demand partially recovered and recycling activity remained strong.
AMU’s July survey found recyclers expecting lower Midwest Premium and UBC prices while demand softened, inventories declined and forward views remained mixed.
SDI, which runs Aluminum Dynamics Inc (ADI), has been ramping up production in Mississippi and at a recycled slab center in San Luis Potosi, Mexico.
Matalco recorded its highest quarterly recycled aluminum production since the Canton closure began, while Rio Tinto's primary output held nearly steady and US shipments decreased.
Aluminum Dynamics will invest more than $200 million in a Mississippi recycled slab center that establishes the permanent location for a project Steel Dynamics relocated from Arizona.
The recent retreat in aluminum prices has been a “head scratcher” as the Iran war continues to disrupt output from an important production region.
The increase in estimated earnings in the US is mostly associated with nonferrous metal recycling, mainly copper and aluminum.