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The European steel and aluminium scrap industries urged the European Commission on Wednesday January 15 against taking action to curb scrap exports after domestic industry metals producers backed measures to do just that.
Investment shortfalls, aggravated by recent poor performance in commodities markets, political and economic instability and surging demand, have sown the seeds for the next commodity bull cycle, leading to “metal shocks” in a similar vein to the “oil shocks” of the 1970s, according to economist Philippe Gijsels, chief strategy officer at BNP Paribas Fortis.
Trade tensions and critical minerals: 2025 outlook on disruptions, supply chain diversification, and local production strategies.
Ferro-alloys market 2025: Trends, rising steel demand, stable policies and key challenges fuelling uncertainty.
Renewed US-China trade tensions with Donald Trump’s second presidential term could bolster Southeast Asia’s aluminium scrap industry in 2025, particularly amid still-growing Chinese demand, sources told Fastmarkets by Tuesday, January 14.
European steel and aluminium producers have urged the European Commission to take immediate and effective action to tackle “scrap leakage” so that the European Union can meet its sustainable development aims and secure industrial competitiveness.
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