Tag: Scrap

Between the macro results and tariff fallout, there's more than enough to unpack - the data dump was massive, prices went haywire, and the outlook got even foggier.

The aluminum industry’s relationship with the automotive sector is as complicated as ever, but narrative moving forward places a greater emphasis on how and where value is being captured or left behind.

While spreads in the 66-67% range offer relief from the 82-83% squeeze seen earlier this year, they’re resting on a delicate equilibrium.

While Michigan-based Superior did not name the “large North American OEM customer”, the scale suggests a major Detroit-based automaker.

In a quarter where aluminum prices rallied and shipments nudged upward, Novelis found itself caught between expansion plans and unfortunate timing.

Since the aluminum market is subject to Section 232 tariffs of 25%, regardless of source, and which supersedes the 10% tariff, it would bring the effective tariff rate on aluminum products brought into the US from China to 45%.

Litho sheet is typically costly and a rare grade of scrap to come by. Unlike other more specific alloys, like 6061 or 5052, it can be consumed by just about anyone or added to just about any melt mix.

The company noted improvements in North American scrap margins, but the details demand a closer read.

Sortation technology is often puzzle where the end goal determines the methods employed, making it hard to gauge what companies are capable of going beyond standard processing.

If there’s a silver lining, it’s that nobody reported total collapse...yet.