Tag: Scrap

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.

Novelis just had its latest earnings call this Monday morning, February 10, 2025, and there’s a lot to unpack, some good, some challenging, and some that set the stage for where they believe the aluminum market is headed. Key numbers and performance Aluminum pricing and market conditions Novelis acknowledged that falling aluminum prices hurt them […]

Post-election recycled metals markets have consistently seen price surges driven by domestic policies, but volatility remains a constant factor.

CMC CEO has faith the underlying near and long-term demand fundamentals remain strong based on customer conversations.