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Sheet mills in the United States might have had little choice but to increase prices this month in the face of rising prices for scrap prices and declining ones for steel.
Global commodities miner-marketer Glencore will continue to take a disciplined approach to ensuring that it does not overproduce at a time of declining demand for some materials, the company’s chief executive officer has said.
Aluminium producer Alcoa said it has started a consultation period for a collection dismissal process for staff, as well as the possible shutdown, of its San Ciprián aluminium smelter in Spain.
Idoru Trading’s Nathan Fruchter knows how it feels to be ahead of the curve in the Asian steel scrap markets. The New York-based trader sold his first cargo to Bangladesh in the late 1980s and his first containers to Vietnam in the early 2000s – back in the infancy of both markets.
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